Peloton’s new CEO sees app retailer and overhauled subscription mannequin in its future

Picture by Amelia Holowaty Krales / The Verge

Barry McCarthy, Peloton’s new CEO, weighs an app retailer and new subscription mannequin as potential methods to kickstart the corporate’s stagnant gross sales, as said in an interview with the New York Instances’ DealBook.

McCarthy, who served as the previous chief monetary officer of Spotify and Netflix, says his imaginative and prescient for Peloton could embrace an app retailer open to third-party content material. “At present, it’s a closed platform — but it surely might be an open platform and a part of the creator financial system,” McCarthy tells the NYT. “What different apps would you placed on it? May it’s operating an app retailer?”

He additionally downplays the significance of {hardware} in terms of Peloton’s health tools. McCarthy suggests essentially the most…

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