1.5 million people still pay for service — but not for dial-up internet

American Online shirt, AOL from Urban Outfitters

Source: Urban Outfitters

Amid the hodgepodge of Verizon Media assets that Apollo Global Management is shopping for from Verizon — Yahoo Finance, TechCrunch, promoting know-how, Yahoo Fantasy — there’s one money move stream that may not die: AOL.

The famed internet firm that once bought Time Warner for $182 billion and used to make billions of {dollars} yearly promoting dial-up modem entry, still has a month-to-month subscription service known as AOL Advantage.

In 2015, 2.1 million people were still using AOL’s dial-up service. That income stream has dried up. The variety of dial-up customers is now “in the low thousands,” based on an individual accustomed to the matter.

But AOL still has a reasonably profitable base of shoppers who pay for technical help and id theft companies every month. There are about 1.5 million month-to-month prospects paying $9.99 or $14.99 per month for AOL Advantage, stated one other individual, who requested not to be named as a result of the knowledge is personal. If common income per consumer is $10 per 30 days, conservatively, that is $180 million of annual income.

Apollo introduced Monday it is paying $5 billion for 90% of Verizon Media. The personal fairness agency would not have instant plans to spin off or promote any of the Verizon Media Group property, preferring to develop the gathering by way of funding and administration, stated the people. Still, the long-term plan might contain discovering completely different patrons for the gathering of companies after Apollo makes an attempt so as to add worth to the items, the people stated.

Verizon agreed to pay $4.4 billion for AOL in 2015 and $4.5 billion for Yahoo in 2017.

While AOL has largely light from standard tradition, Yahoo still has about 150 million day by day energetic customers and almost 900 million month-to-month energetic customers.

A spokesperson for Apollo declined to remark. A spokesperson for Verizon Media did not instantly reply for remark.

WATCH: Cramer on Verizon’s deal to promote AOL, Yahoo to Apollo for $5 billion

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