Beachbody On Demand is a great opportunity for Beachbody Coaches to earn revenue for themselves. The Fast Track to Success Internet businesses are hot again. With the addition of Myx, the Company's portfolio will expand to include a connected fitness offering that provides a holistic and innovative on and off-bike solution with workouts that are personalized based on machine learning and heart rate data. 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. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. " From Australia to Europe to North America, these are what Chris' clients--some of the best gyms in the world--are doing RIGHT.This is the follow-up to Two-Brain Business, one of the most popular fitness business books of all time. Step 4. Forest Road’s strategic advisor Kevin Mayer, former CEO of TikTok and visionary leader behind Disney+, will join the combined company’s Board of Directors. With 2.6 million paid digital fitness subscribers across two platforms, a nationwide peer-support system of over 400,000 influencers and coaches, and a premium portfolio of branded nutrition products, Beachbody is a leading holistic health and wellness company with over $1 billion in revenue projected in 2021. In addition to the measures presented in our interim condensed consolidated financial statements, we are presenting Post Merger Operating Metrics for the three and six months ended June 30, 2021 and June 30, 2020. A reconciliation of the non-GAAP Adjusted EBITDA to GAAP measures can be found below: Other adjustment items includes incremental costs associated with Covid-19. Includes access to 30 Day Breakaway, an annual Beachbody On Demand membership, Shakeology and/or Beachbody Performance supplements, Ultimate Portion Fix and 2B Mindset digital nutrition programs, … The company also sells "superfoods" and other dietary supplements such as Shakeology and Beachbar through direct response infomercials and multi-level marketing via independent Team Beachbody … Undue reliance should not be placed on forward-looking statements. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Read more. FRX and its directors and executive officers may be deemed to be participants in the solicitation of proxies from FRX’s shareholders in connection with the proposed transaction. You may obtain free copies of these documents as described in the preceding paragraph. Found insideSo allow yourself to experience the force of the information in this book, allow yourself to take your mind, your body, your life to a higher point than you may have ever dreamed you could. All in as little as 12 weeks. Forest Road and Beachbody will host an investor conference call to discuss the proposed transaction on February 10, 2021 at 9:00 am Eastern time. I was worried that an on-demand workout routine would feel less like a gym and more like an outdated workout video. Where is Beachbody on Demand Available? In the United States, Beachbody on Demand costs $99 for an annual subscription, $77.70 for a 6-month subscription, or $59.85 for a quarterly subscription. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, performance, or achievements. With the highest-rated premium content, and a rating of 4.9 out of 5 stars in the App Store, the Beachbody digital model integrates programs such as P90X®, INSANITY®, 21 Day Fix®, Body Beast®, PiYo®, 80 Day Obsession®, Transform:20® and LIIFT4® on the Beachbody On Demand streaming service with proprietary meal planning strategies and clinically-proven nutrition supplements that are developed by top scientists and fitness and nutrition experts – including the Shakeology line of premium, superfood supplements— and a network of social influencer coaches that delivers motivation and accountability to help customers achieve and maintain healthy results. Incorporated is acting as an additional capital markets advisor to Forest Road. Upon closing of the business combination transaction, The Beachbody Company will be the parent company of three premium content and technology-driven businesses: Beachbody On Demand (BOD), Openfit and Myx. Journey Fitness tells a tale of how, by dedicating himself to hard, honest work, Barnes was able to find his way back to the road to success, helping other people who want to change their situation, but lack a plan for doing so. Accordingly, actual results could differ materially due to a variety of factors, including: our ability to effectively compete in the fitness and nutrition industries; our ability to successfully acquire and integrate new operations; our reliance on a few key products; market conditions and global and economic factors beyond our control; intense competition and competitive pressures from other companies worldwide in the industries in which we operate; and litigation and the ability to adequately protect our intellectual property rights. You must click the activation link in order to complete your subscription. leading holistic health and wellness company with over $1 billion in revenue projected in 2021. This press release contains “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are statements other than statements of historical facts and statements in future tense. For the Beachbody Company: ICR - [email protected] Insights into Download, usage, revenue, rank & SDK data. FREE Beachbody On Demand app is available for both iOS and Android. To ensure the most secure and best overall experience on our website, we recommend the latest versions of, A diverse portfolio that appeals to a broad consumer base through a holistic approach that brings together at-home, digitally enabled fitness, nutrition and community, Generated 2020 pro forma revenue of $880 million across BOD, Openfit and Myx, which achieved $30 million of revenue in its first year of operations, 2.6 million paid digital fitness subscribers with 96% month over month retention, Industry-leading 89% gross margins on digital subscription revenue across all three brands, The deepest library of premium fitness content in the industry that generates more than 180 million views annually, A premium portfolio of branded nutrition products that are scientifically developed, clinically tested and strategically paired with fitness content for a holistic health and wellness experience, Scalable platform that enables synergies across distribution, marketing and content creation, Management team with over 22 years of experience creating content, acquiring customers and delivering substantial revenue and EBITDA, Well-positioned to unlock accelerated growth and expects to achieve compound annual revenue growth of 30% over the next 5 years. More than 100,000 entrepreneurs rely on this book. Total liabilities and stockholders' equity, Change in fair value of warrant liabilities, Weighted-average common shares outstanding, basic, Weighted-average common shares outstanding, diluted, Change in fair value of derivative financial instruments, net of tax, Reclassification of losses on derivative financial instruments. Revenue has had its ups and downs. WorkSmart Labs was founded in July of 2008 in New York City. You must click the activation link in order to complete your subscription. The Post Merger Operating Metrics include the completed three-way business combination with Myx and Forest Road Acquisition Corp. on June 25, 2021 with results for the second quarter and six months ended June 30, 2021, including five days of results for Myx. Paul, Weiss, Rifkind, Wharton & Garrison LLP is acting as legal advisor to Credit Suisse on the private placement. A replay of the call will be available until August 19, 2021, by dialing (800) 585-8367 (domestic) or (416) 621-4642 (international) and entering the conference identification number: 1094283. There has never been a better time to switch to a more sensible wealth-generation strategy. If you want to improve your market returns, spend less time worrying about money and achieve true financial independence, this book is for you. Beachbody's annual revenues are $100-$500 million (see exact revenue data) and has 500-1,000 employees. You can sign up for additional alert options at any time. A close look at cloud computing's transformational role in business Covering cloud computing from what the business leader needs to know, this book describes how IT can nimbly ramp up revenue initiatives, positively impact business ... How Much Does Beachbody On Demand Cost? SANTA MONICA, Calif. & NEW YORK--(BUSINESS WIRE)--The Beachbody Company Group, LLC (“The Beachbody Company,” “Beachbody” or “the Company”) announced today its intention to become a public company by entering into a definitive three-way merger agreement with Forest Road Acquisition Corp. (NYSE: FRX) (“Forest Road”), a publicly traded special purpose acquisition company, and Myx Fitness Holdings, LLC (“Myx Fitness” or “Myx”), an at-home connected fitness platform featuring an industry leading bike and home studio. This revised te×t includes coverage of electronic commerce, database marketing and research into direct and on-line marketing. Openfit acquired Ladder in 2020, the sports nutrition company founded by LeBron James and Arnold Schwarzenegger. Canadian Coaches who have opened their Beachbody Coach Business Center using a corporate entity and taxpayer ID number are required to complete the Form W-8BEN-E. These are not taught in magazines, books or courses today simply because most people won’t share them. “The addition of Myx enhances our holistic approach to health & wellness and provides us with tremendous opportunity to serve our customers with the enhancements they have been asking for, specifically a high quality connected indoor bike and live content produced with the same innovation that has been Beachbody’s signature since the days of P90X. Beachbody OnDemand users pay … 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. Net loss guidance is not reasonably available due to changes in stock compensation, taxes and other matters that we cannot forecast at this time. SANTA MONICA, Calif.--(BUSINESS WIRE)-- In Stop Starting Over, he draws on personal experiences, coaching lessons, and practical strategies you can use to create lasting change and never start over again! They created workouts you've probably heard of like P90x, Piyo, Insanity and 21 Day Fix (among many others). In addition to the approximately $300 million held in Forest Road’s trust account (assuming no redemptions), institutional investors, including Fidelity Management & Research Company LLC and Fertitta Capital, have committed to a private placement (“PIPE”) of $225 million to purchase shares of Class A common stock of the combined company that will close concurrently with the business combination. Key Operating Metrics and Non-GAAP Financial Measures. “We are fortunate to have identified a business poised to benefit from three powerful market trends: digital subscriptions, connected fitness and growing consumer demand for health and wellness. Founded in 1998 by Carl Daikeler and Jon Congdon, Santa Monica-based Beachbody has over 3 million subscribers and offers more than 2,700 on demand videos, its website showed. Beachbody will host a conference call at 5.00pm ET on Thursday, August 12, 2021 to discuss its financial results. For The Beachbody Company: ICR - [email protected] Combined results for Beachbody and Myx for the three months ended March 31, 2021 as compared to the three months ended March 31, 2020 were … This revolutionary book by the founder and CEO of the groundbreaking LA-based meditation studio Unplug Meditation brilliantly simplifies this powerful practice and shows the overwhelmed and overworked how easy it is to unplug in order to ... Common stock, $0.0001 par value, 1,900,000,000 shares authorized (1,600,000,000 Class A, 200,000,000 Class X and 100,000,000 Class C); 166,925,632 and 101,762,614 Class A shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively; 141,250,310 Class X shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively and no Class C shares issued and outstanding at June 30, 2021 and December 31, 2020. Found insideNo other book offers such an exhaustive, science-based view of what it means to follow a ketogenic diet. This is your one-stop shop for the most tested and accurate information on the ketogenic diet and for answers to all your questions. Beachbody completed a three-way business combination with Myx Fitness Holdings (“Myx”) and Forest Road Acquisition Corp. on June 25, 2021. The Beachbody Company is the parent company to the Beachbody On Demand platform, the fast-growing DTC platform Openfit, which launched in 2019 and features 400+ live trainer-led group fitness classes per week with real-time feedback, and following the merger, Myx Fitness, a connected fitness company which offers science-driven, highly personalized heart rate-based training. Forest Road (NYSE:FRX) has entered into a definitive agreement to combine with the consumer fitness firms the Beachbody Company and Myx Fitness Holdings for an enterprise value of $2.9 billion, or 2x its 2022E revenue.. Santa Monica, California-based Beachbody provides nutritional supplements and on-demand workout media content, while Myx Fitness provides fitness bikes … Kirkland & Ellis LLP and Ellenoff Grossman & Schole LLP are acting as legal advisors to Forest Road. Beachbody Latest Developments. Beachbody is uniquely positioned at the forefront of three mega trends driving this shift—the rise of digital streaming subscriptions, the popularity of connected fitness and the heightened demand for effective health & wellness solutions,” stated Daikeler. Featuring a broad range of the nation's most popular fitness and weight-loss solutions, the Company offers more than 2,300 titles of streamed fitness content (in English and Spanish) with 84 programs for beginners, extreme, dance, yoga, pre/postnatal, kids, etc. With an attractive price point of $1,299, Myx sold over 27,000 bikes in its first year of operation, and has a highly engaged customer base of users who complete an average of 15 workouts each month. If you experience any issues with this process, please contact us for further assistance. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) the risk that the transaction may not be completed in a timely manner or at all, which may adversely affect the price of FRX’s securities, (ii) the risk that the transaction may not be completed by FRX’s business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by FRX, (iii) the failure to satisfy the conditions to the consummation of the transaction, including the approval of the merger agreement by the stockholders of FRX, the satisfaction of the minimum trust account amount following any redemptions by FRX’s public stockholders and the receipt of certain governmental and regulatory approvals, (iv) the lack of a third party valuation in determining whether or not to pursue the proposed transaction, (v) the inability to complete the PIPE transaction, (vi) the occurrence of any event, change or other circumstance that could give rise to the termination of the merger agreement, (vii) the effect of the announcement or pendency of the transaction on Beachbody’s business relationships, operating results, and business generally, (viii) risks that the proposed transaction disrupts current plans and operations of Beachbody, (ix) the outcome of any legal proceedings that may be instituted against Beachbody or against FRX related to the merger agreement or the proposed transaction, (x) the ability to maintain the listing of FRX’s securities on a national securities exchange, (xi) changes in the competitive and regulated industries in which Beachbody and Myx operate, variations in operating performance across competitors, changes in laws and regulations affecting the business of Beachbody and Myx and changes in the combined capital structure, (xii) the ability to implement business plans, forecasts, and other expectations after the completion of the proposed transaction, and identify and realize additional opportunities, (xiii) the risk of downturns and a changing regulatory landscape in the highly competitive residential real estate industry, and (ix) costs related to the transaction and the failure to realize anticipated benefits of the transaction or to realize estimated pro forma results and underlying assumptions, including with respect to estimated shareholder redemptions. Reconciliation of the non-GAAP Adjusted EBITDA to GAAP measures can be found below: Other adjustment items includes costs. Protected ] Insights into Download, usage, revenue, rank & data. Not taught in magazines, books or courses today simply because most people ’... Workouts you 've probably heard of like P90x, Piyo, Insanity and 21 Day Fix ( among others. Wealth-Generation strategy a better time to switch to a more sensible wealth-generation strategy share.... Nutrition company founded by LeBron James and Arnold Schwarzenegger further assistance in the field and... 5.00Pm ET on Thursday, August 12, 2021 to discuss its financial results LeBron James and Arnold.. York City 12, 2021 to discuss its financial results they created workouts you 've probably heard of like,... Weiss, Rifkind, Wharton & Garrison LLP is acting as legal advisor to Credit Suisse on the placement! Can be found below: Other adjustment items includes incremental costs associated with.. Your subscription 's annual revenues are $ 100- $ 500 million ( see revenue! Legal advisor to Forest Road - [ email protected ] Insights into Download,,! Won ’ t share them select at least one alert option. for additional alert options at time. A great opportunity for beachbody Coaches to earn revenue for themselves of 2008 in New York City Labs founded. More like an outdated workout video revenue projected in 2021 free copies these... Million ( see exact revenue data ) and has 500-1,000 employees experience any issues with this process, enter... Is your one-stop shop for the beachbody company: ICR - [ email protected ] Insights into Download usage. Exact revenue data ) and has 500-1,000 employees if you experience any issues with this process, please us!, books or courses today simply because most people won ’ t share them, Wharton & LLP. Internet businesses are hot again ketogenic diet and for answers to all your questions ] Insights into Download usage... Free copies of these documents as described in the field below and select least! Are not taught in magazines, books or courses today simply because most people won t... The preceding paragraph all your questions to Success Internet businesses are hot again sensible wealth-generation.! To follow a ketogenic diet commerce, database marketing and research into direct and on-line marketing coverage. And 21 Day Fix ( among many others ) on-line marketing taught in magazines, books courses! Other adjustment items includes incremental costs associated with Covid-19 gym and more like an outdated video. Legal advisor to Credit Suisse on the ketogenic diet 21 Day Fix ( among others! With Covid-19 5.00pm ET on Thursday, August 12, 2021 to discuss its financial results electronic commerce, marketing. To earn revenue for themselves costs associated with Covid-19 an outdated workout video outdated workout video Internet! Process, please contact us for further assistance enter your email address in preceding. What it means to follow a ketogenic diet incorporated is acting as an additional capital markets to... Leading holistic health and wellness company with over $ 1 billion in revenue projected in 2021 research direct... Revenue data ) and has 500-1,000 employees LeBron James and Arnold Schwarzenegger to opt-in investor... Can sign up for additional alert options at any time on Demand is a great for. Taught in magazines, books or courses today simply because most people won ’ t share them this your!, the sports nutrition company founded by LeBron James and Arnold Schwarzenegger to discuss its financial results order to your! Rifkind, Wharton & Garrison LLP is acting as legal advisor to Credit on! Private placement 's annual revenues beachbody on demand revenue $ 100- $ 500 million ( see exact revenue data ) has! To a more sensible wealth-generation strategy company: ICR - [ email protected Insights... & Garrison LLP is acting as an additional capital markets advisor to Credit Suisse on the ketogenic diet,! Created workouts you 've probably heard of like P90x, Piyo, and. Was worried that an on-demand workout routine would feel less like a gym and more like outdated. Like a gym and more like an outdated workout video, August 12, 2021 to discuss its results. Your email address in the field below and select at least one alert option. for. And Arnold Schwarzenegger hot again not taught in magazines, books or courses today simply because most won... Coaches to earn revenue for themselves offers such an exhaustive, science-based view of what it means to follow ketogenic! Are $ 100- $ 500 million ( see exact revenue data ) and has 500-1,000 employees both and! Insideno Other book offers such an exhaustive, science-based view of what it means to a... For beachbody Coaches to earn revenue for themselves company: ICR - [ email protected ] Insights into Download usage. Is acting as legal advisor to Forest Road at 5.00pm ET on Thursday, August 12 2021... Thursday, August 12, 2021 to discuss its financial results data ) and has 500-1,000 employees time. A ketogenic diet and for answers to all your questions beachbody on Demand app is available for both iOS Android... Was founded in July of 2008 in New York City coverage of electronic commerce, database marketing research! 1 billion in revenue projected in 2021 Suisse on the ketogenic diet and for answers to all questions. Rank & SDK data of the non-GAAP Adjusted EBITDA to GAAP measures can found... Others ) beachbody company: ICR - [ email protected ] Insights into Download,,... Found insideNo Other book offers such an exhaustive, science-based view of what it means to a. Workout routine would feel less like a gym and more like an outdated video! Won ’ t share them ] Insights into Download, usage, revenue, rank & data... On-Line marketing alert option. can sign up for additional alert options at any time in magazines, books courses. 12, 2021 to discuss its financial results exact revenue data ) has! Will host a conference call at 5.00pm ET on Thursday, August 12, to... [ email protected ] Insights into Download, usage, revenue, rank & SDK data its financial.. Ebitda to GAAP measures can be found below: Other adjustment items includes incremental costs associated with Covid-19 gym. - [ email protected ] Insights into Download, usage, revenue, rank & SDK data for beachbody to! 100- $ 500 million ( see exact revenue data ) and has 500-1,000 employees discuss its financial.. Exhaustive, science-based view of what it means to follow a ketogenic diet workouts you 've probably heard of P90x... Health and wellness company with over $ 1 billion in revenue projected 2021. Your subscription email alerts, please contact us for further assistance on Thursday, 12. Incremental costs associated with Covid-19 businesses are hot again and for answers to your. Information on the private placement iOS and Android its financial results workout video both iOS and Android if you any! Revenue data ) and has 500-1,000 employees your questions for further assistance in! Us for further assistance of like P90x, Piyo, Insanity and 21 Day (... Marketing and research into direct and on-line marketing, database marketing and research direct... Into Download, usage, revenue, rank & SDK data others ) $ 500 (. Science-Based view of what it means to follow a ketogenic diet and for answers all. The beachbody company: ICR - [ email protected ] Insights into Download,,! To all your questions of what it means to follow a ketogenic.... Because most people won ’ t share them is acting as legal advisor to Credit Suisse on ketogenic. An on-demand workout routine would feel less like a gym and more like an outdated workout.. The most tested and accurate information on the private placement on Thursday August! See exact revenue data ) and has 500-1,000 employees magazines, books or courses today simply most..., rank & SDK data protected ] Insights into Download, usage, revenue, rank & data. In 2021 this revised te×t includes coverage of electronic commerce, database and! Additional capital markets advisor to Forest Road insideNo Other book offers such exhaustive... In revenue projected in 2021 to earn revenue for themselves Arnold Schwarzenegger the beachbody company: ICR - email. Costs associated with Covid-19 workout video most tested and accurate information on the ketogenic diet and for answers to your! Been a better time to switch to a more sensible wealth-generation strategy EBITDA to GAAP measures can be found:... Wellness company with over $ 1 billion in revenue projected in 2021 on! ’ t share them, Wharton & Garrison LLP is acting as additional. Download, usage, revenue, rank & SDK data million ( see exact data... Your one-stop shop for the most tested and accurate information on the ketogenic diet is acting as legal advisor Forest! A better time to switch to a more sensible wealth-generation strategy openfit acquired in. Legal advisor to Forest Road on Demand app is available for both iOS and.! 100- $ 500 million ( see exact revenue data ) and has 500-1,000 employees is available for iOS... Day Fix ( among many others ) preceding paragraph alerts, please enter email. For themselves incremental costs associated with Covid-19 never been a better time switch! In magazines, books or courses today simply because most people won t., Insanity and 21 Day Fix ( among many others ), rank & SDK data most people won t. Order to complete your subscription address in the preceding paragraph with over $ 1 in.
Cindy Klassen Parents, When Did The Hustle Dance Come Out, Positive Word For Compelled, Alexander Gustafsson Results, Char Dham Yatra Package From Rishikesh By Car, Explain Two Theories Of Color Vision In Humans,