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LTR - Mar 4 - Catherine Connelly, Co-Founder and SVP Marketing for The Meet Group, has been instrumental in the growth and development of the company over the past 16 years. During this interview with Mark Brooks, CEO of Courtland Brooks, Connelly recalls the events that inspired her to co-found myYearbook with her brothers Dave and Geoff Cook in 2005. She was just 15 at the time. Following a merger with Quepasa in 2011, the company was rebranded as MeetMe in 2012. Over the following years, they acquired Lovoo, Skout, Tagged, and Growlr to form The Meet Group. The company has embraced video in its products and has championed the use of one-to-many broadcasting in the dating space. Catherine Connelly provides her unique perspective in building an online dating company in the latest video in the LTR Webinar series.
OPW - Mar 4 - The Global Love Conference is online this year, and completely free. Speakers include Mark Brooks, Tim Ash, Dr Terri Orbuch, Jamie Lee, and the millionaire matchmaker Patti Stanger. The conference is focused on serving matchmakers, and people in the matchmaking and online dating industry. See the agenda, and sign up here.
MEEDIA - Mar 3 - The TV group ProSiebenSat.1 (P7S1) was able to keep its sales stable in 2020 at €4.05B the profit for the shareholders fell by 35%. Adjusted EBITDA was €706M, compared to €872M in the previous year. The ParshipMeet Group increased its operating result and is planning an IPO. In the last quarter of 2020, the P7S1 Group's sales rose by 11% to €1.5B (previous year: €1.3B). ProSiebenSat.1 holds 53% of the ParshipMeet Group; the investor General Atlantic and the management hold the rest. The group is to IPO next year.
MEDIUM.COM - Mar 4 - The Meet Group's portfolio includes MeetMe, Skout, Tagged, GROWLr, and LOVOO. First launching on MeetMe, Holler's GIFs and stickers will offer expressive content that will help fuel conversations for members seeking both love and friendship. Currently, the Holler update is only available on iOS.
DAILYMAIL.CO.UK - Mar 4 - In the study, researchers from the Universities of Lincoln and Swansea studied the dating profiles of 120K eHarmony users. Their analysis revealed that one in five British men is in a relationship with a woman five years younger, citing looks and health as key factors for choosing younger ladies. Women prefer to date men at least 18 months older, citing emotional maturity and a desire for a committed relationship as their main reasons why.
PAPERCITY MAGAZINE - Mar 4 - Sisters Leigh D'Angelo and Casey Issacson launched Dig, a dating app for dog lovers, in 2018 after Casey dated a guy who had problems with her dog. He just wasn't a dog person and the sisters realized it would have been nice to know this kind of deal breaking information beforehand. Last year, after seeing success with Dig, the company launched Tabby (for cat people) on International Cat Day. "There's a stigma around cat people, but especially cat guys," Leigh says. Although, according to Leigh, cat guys tend to be responsible, compassionate, and loving, there’s still a notion that cat guys tend to be more neurotic and introverted.
PRESS RELEASE - Mar 4 - A study from EliteSingles has revealed that pandemic dating has given rise to a new relationship milestone: finding a 'bubble bae' to quarantine with. 70% of people say they consider bubble sharing a major sign of commitment, with 69% saying you must be dating exclusively before bubbling up. EliteSingles is designed for successful single professionals seeking a committed, long-term relationship. EliteSingles is part of Spark Networks.
BUSINESS INSIDER - Mar 2 - According to Statista, dating apps generated $323M in revenues in India in 2020. The Indian market ranks second in the dating apps segment, followed by the US. Since its launch in India in 2o15, Tinder has been able to find a loyal user base in India, and Taru Kapoor, General Manager, India, Tinder feels word-of-mouth has played an important role. "Our focus right now is leading with innovation. The first phase of innovation over the last five years was how it became a norm to find someone online. The second phase which is happening now is actually led by GenZ who have grown up on social Internet. The task is how do we help people have better shared experiences online, how do we entertain them, help them get to know each other better and have a shared context so that those connections become more meaningful and deeper."
PROVOKE - Mar 2 - OkCupid's Michael Kaye has been promoted to the dating site's global head of PR after a year touting the virtues of virtual courtship. As senior global PR manager, Kaye is responsible for managing PR, including brand marketing and media relations, in countries across North America, Europe, the Middle East and the Oceania region. In his newly created role, Kaye is also responsible for leading PR programming in the US, Germany, Israel and the UK.
BUSINESS TODAY - Mar 2 - Based out of Bangalore, Aisle is a high-intent dating app, designed for people of Indian-origin from around the world who are looking for serious relationships. Able Joseph is the Founder and CEO of Aisle. The app was founded in 2014. In 2020, 45% of Aisle's revenue came from Tier 2 & 3 cities compared to 38% in 2019. In 2021, growth will come from Tier-2/3 cities and the young population residing in smaller cities will be the focus point for dating apps.
INFLUENCIVE - Mar 2 - Kimberly Kaplan was previously VP of Revenue Optimization at Plenty of Fish prior to being bought out by The Match Group. She recently founded Snack, the dating app that is dedicated to video first. Snack has leveraged influencer marketing on Tik Tok where they recently launched a Tik Tok Bachelor Campaign. Snack has also launched several other initiatives including a logo challenge in which they are giving away $10K to a graphic designer who is willing to help design their logo. The first place winner will receive $7K along with full credit for the design. The logo contest closed on the 28th of February.
CHICAGO BUSINESS - Mar 2 - Yagan is a well-known founder, CEO and investor. He was CEO of ShopRunner, an e-commerce company that is being acquired by FedEx. He previously was CEO of Match Group, which acquired OkCupid. He also co-founded Excelerate Labs, which later became TechStars Chicago. He plans to raise $200M in an IPO for a special-purpose acquisition company called Corazon Capital V838 Monoceros. The company, incorporated in the Cayman Islands, takes its name from the Chicago-based venture-capital firm run by Yagan and longtime business partners Steve Farsht and Phil Schwarz. As a blank-check company, Yagan and his team have 24 months to find an acquisition. Corazon says it's targeting businesses with "consumer-facing technology, subscription- or recurring-revenue models, marketplaces and networks, or those that operate in sectors such as education, social media and dating, and e-commerce."
FOX17ONLINE - Mar 2 - A new survey by Plenty of Fish found that more than half (57%) of those surveyed think they'll find love in 2021. 58% say romantic gestures are more important to them than they were before the coronavirus pandemic began.