The Beachbody Company Launches New Initiative Enabling Customers to Buy and Download Fitness Programs Like P90X and 21 DAY FIX Without a Subscription
10 April 2024 - 6:05AM
Business Wire
The Beachbody Company, Inc. (NYSE: BODI) (“BODi” or the
“Company”), a leading health and fitness company, announced today
it will give consumers the ability to purchase its most popular
fitness and nutrition programs without a subscription. In order to
meet the latent demand for access to its most popular fitness and
nutrition programs – including P90X, 21 DAY FIX, LIIFT4 and BODi’s
popular nutrition programs such as PORTION FIX and 2B MINDSET – the
Company’s extensive catalog of branded programs will be available
for purchase individually to all consumers.
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The Beachbody Company Launches New
Initiative Enabling Customers to Buy and Download Fitness Programs
Like P90X and 21 DAY FIX Without a Subscription (Graphic: Business
Wire)
BODi offers more than 134 renowned digital programs in every
major fitness genre that will gradually become available for
individual purchase over the coming months. This new level of
flexibility and choice for customers who prefer to purchase
specific content rather than an entire subscription uniquely
positions BODi to meet the greater demands of the digital fitness
industry. This new model is similar to the Company’s highly
successful legacy DVD offers and will complement its successful
subscription business.
"We know there is a great deal of latent demand for BODi’s
programs, and this announcement provides an opportunity to
introduce more people to the power of our approach and offerings,"
said Carl Daikeler, BODi’s Co-Founder and Chief Executive Officer.
"Once people experience the quality of our programs, we believe
that upgrading to a BODi subscription, which unlocks access to our
entire library of content, will be a natural next step in their
fitness evolution with us. This is a big opportunity, and no other
platform has the capability and library to do this."
Mr. Daikeler continued, "We want to serve people with a flexible
business model that allows them to consume our content and achieve
outcomes in whatever way works best for them. Whether it’s one
program at a time or as a subscription. This allows us to interact
with the customer in a richer way to help them get more results and
try more programs and nutritional supplements. Moreover, with the
capability of offering our customers access to an extensive library
of over 134 branded programs, we have a competitive moat that no
other company can match," added Daikeler. "We're solving the
problem of people struggling to achieve their health and fitness
goals by offering a unique combination of targeted fitness programs
and nutrition products in their preferred format, whether through
subscription or direct purchase. This is why we know this is a big
opportunity for us and for the tens of millions of people who are
still looking for the right solution."
BODi's digital program purchase and stream feature is available
today at http://www.bodi.com/programs.
About BODi and The Beachbody Company, Inc.
Originally known as Beachbody, BODi has been innovating
structured step-by-step home fitness and nutrition programs for 25
years such as P90X, Insanity, and 21-Day Fix, plus the first
premium superfood nutrition supplement, Shakeology. Since its
inception in 1999 BODi has helped over 30 million customers pursue
extraordinary life-changing results. The BODi community represents
millions of people helping each other stay accountable to goals of
healthy weight loss, improved strength and energy, and resilient
mental and physical well-being. For more information, please visit
TheBeachbodyCompany.com.
Ticker Symbol Changed to BODi
On March 4, 2024, the Company transitioned its stock ticker from
"BODY" to "BODI" on the NYSE, in line with its rebrand from
Beachbody to BODi. There were no changes made to the CUSIP or the
stock's listing status on the NYSE.
Forward Looking Statements
This press release contains “forward-looking” statements
pursuant to the safe harbor provisions of the Securities Litigation
Reform Act of 1995, which are statements other than historical fact
or in the future tense. These statements include but are not
limited to, statements regarding our business strategy, our plans,
and our objectives and future operations. Forward-looking
statements are based upon various estimates and assumptions, as
well as information known to us as of the date hereof and are
subject to risks and uncertainties. Accordingly, actual results
could differ materially due to a variety of factors. You can
identify these statements by the use of terminology such as
“believe”, “plans”, “expect”, “will”, “should,” “could”,
“estimate”, “anticipate,” “upon” or similar forward-looking terms.
You should not rely on these forward-looking statements as they
involve risks and uncertainties that may cause actual results to
vary materially from the forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20240409169715/en/
Investor Relations IR@BODi.com
Media Relations BODiPR@icrinc.com
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