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(Reuters) -Peloton Interactive Inc is raising the monthly fee for its on-demand fitness content in U.S. and Canada after eight years, while cutting the prices of its Bike, Bike+ and Tread machines in all markets, the exercise equipment maker said on Thursday.
The price of Peloton’s all-access subscription plan in the United States will go up to $44 per month, from $39, whereas in Canada the fee will rise to $55 per month from $49, the company said in a blog post.
Pricing for international members will remain unchanged, Peloton said.
The move comes a day after Blackwells Capital, which owns nearly 5% of the company, said Peloton has failed to deliver on promises to transform the business and that too many insiders, including co-founder John Foley, continue to control its moves.
Peloton shares jumped as much as 6% before reversing course to trade down 1.3%
Reporting by Kannaki Deka in Bengaluru; Editing by Shailesh Kuber
