SYDNEY MORNING HERALD – Jan 10 - The Australian online dating industry grew by 5% last year and is expected to grow by a further 5 to 10% this year. According to dating site RSVP survey 50% of respondents had tried online dating and 10% had met their current or most recent partner on the internet. Business analyst IBISWorld expects the industry to earn ~$100M from subscriptions and advertising this year. Cupid Media, Australia's biggest online dating company, has 33 websites that specialise in religion, ethnicity, sexual preference and physical appearance. The company started at least three new websites every year and had ~15M customers in 50 countries. IBISWorld does, however, expect the boom to slow in a few years with the increased sophistication of social networks. FULL ARTICLE @ SYDNEY MORNING HERALD
Mark Brooks: People Media was recently sold for $80 million to IAC. Cupid Media is doing well. I wonder how long it will be before they are acquired? First Beat Media, World Singles, FriendFinder's network of sites, Avid Life Media are other examples of networks of niche sites that have exceled and enjoyed the benefits of the 'network effect.' Given the choice, users will often join multiple sites within a network, which means improved ARPU. (Full Disclosure: First Beat Media and Avid Life Media are current clients of Courtland Brooks. World Singles is a former client, and I worked for FriendFinder in 2003-2004).
