Share this @internewscast.com

Peloton Interactive and TikTok are teaming to develop fitness content, the exercise equipment maker and social platform said Thursday.

The partnership marks the first time that Peloton will produce custom social content for use outside its own network, according to to the New York company and China’s TikTok said. The co-branded hub, which will be available in Canada, the U.S. and the U.K., will show dedicated Peloton content, including live classes and celebrity collaborations.

The deal comes six months into a rebranding effort by Peloton, which last year launched a tiered pricing strategy for its app as it tries to broaden its audience beyond customers willing and able to buy its costly fitness equipment. 

Peloton’s stock price leapt more than 15% following the announcement and closed 14% higher at $6.13 per share. Still, the company’s standing on Wall Street is a far cry from 2020, when its shares hit more than $160, taking a precipitous drop since then and tanking more than 20% in the last year alone.

Peloton enjoyed strong consumer demand for its stationary bikes and treadmills during the pandemic, but that appetite dissipated as the virus faded and people returned to the gym or took up other hobbies. 

China’s TikTok has more than 1 billion active users around the globe, with thousands of communities devoted to fitness activities, according to the companies.


Share this @internewscast.com
You May Also Like

Unlock Sharper Memory and Enhanced Brain Power with This Everyday Snack

Peanuts have long been a favorite snack, cherished for their delightful taste…

Urgent NHS Alert: Potential Risks for Patients Combining Naproxen and Aspirin Revealed

The NHS has issued a crucial advisory regarding the simultaneous use of…

Flu Season Alert: Health Experts Advise Wearing Masks in Public to Combat Spread

An NHS executive has strongly advised that individuals experiencing flu symptoms should…

Common Household Item Identified as Significant Disease Vector, Expert Reveals

A biomedical science expert has issued a warning about a common everyday…

UK Faces H3N2 Flu Surge: Key Symptoms and Protection Tips for the Holiday Season

Britons risk leaving themselves vulnerable to flu over the Christmas period (Image:…

Transform Your Sleep: Discover the Calming Spray Revolutionizing Restful Nights

The Better Sleep set has four products included in it (Image: Manuka…

Urgent Alert for UK Blue Badge Holders: Avoid a £1,000 Fine with This 3-Month Compliance Guide!

For those in the UK who utilize Blue Badges, whether as drivers…

UK Residents Beware: Wood Burning Stove Owners Face £300 Fines Due to Overlooked Loophole

According to an expert in environmental criminology, a forthcoming initiative in the…

Sleep Specialist Reveals Why You’re Waking Up at 4 AM Daily

Have you ever found yourself routinely waking up at precisely four in…