EL SEGUNDO, Calif.--(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.
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.
