Digiday Daily
February 10, 2026
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Subscriptions were supposed to save publishers. Now, they’re becoming part of the survival logic for agencies too.

At agency holdco S4 Capital, the pivot is already taking shape. By the end of the year, about a quarter of revenue at its Monks arm is expected to come from what it calls subscriptions.

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TOP STORY

Evolving Agencies
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'The billable hour does not allow for any meaningful innovation': S4 Capital builds subscription model for the AI age

Subscriptions were supposed to save publishers. Now, they’re becoming part of the survival logic for agencies too. 

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