Subscription services are business models where customers pay a recurring fee, typically on a monthly or annual basis, to gain access to a product or service. This model is commonly seen in various industries, including media, entertainment, software, and retail. Examples include streaming platforms like Netflix, where users subscribe to access a library of content, or software services like Adobe Creative Cloud, where users pay for ongoing access to applications. Subscription services often provide convenience and continuous access to services without the need for a large upfront investment. They can also allow businesses to generate a steady revenue stream and foster customer loyalty.
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