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UBC enacts $5,000 annual fee for ride-hailing companies on campus | Urbanized – Daily Hive

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The University of British Columbia has its own specific set of policies and licence regulations for ride-hailing companies operating on its Vancouver Point Grey campus.

Companies like Lyft and Uber are required to obtain a permit from UBC to operate their services on the academic core of the campus, which includes an annual licence fee of $5,000 for each company.

There is also a $0.30 fee for every ride-hailing trip that begins on campus between 7 am to 7 pm on weekdays. Currently, only Uber operates at the campus, as Lyft’s initial service area in the region does not reach UBC.

But the steep annual company licence fee appears to replace the more complex and costly approach of various municipal governments that have enacted additional annual licence fees for each ride-hailing vehicle operating in the jurisdiction.

The City of Vancouver has established annual fees of $155 per ride-hailing company and $100 per vehicle, plus a $0.30 pick-up and drop-off fee within the downtown Vancouver peninsula and the Central Broadway Corridor.

Neighbouring City of Burnaby has set a $600 fee for the first year and $180 annually for renewal for each ride-hailing company, and $510 for the first year and $280 annually for renewal for each vehicle.

On its website, UBC states it will “enable and support Transportation Network Service (TNS) operations as a welcome additional transportation option for the campus community,” but at the same time it reasons that it needs to “recover all costs incurred by UBC associated with administering TNS operations on campus and ensuring compliance with related policies.”

Drivers can only pick up and drop off passengers at eight designated ride-hailing spots.

Map of pick-up and drop-off locations for ride-hailing at UBC. (UBC)

Collected fee revenues also go towards managing and mitigating “potential impacts to the UBC community, including effects on traffic congestion, availability of curbside space, UBC operational needs, [and] transportation-related GHG emissions.”

By the end of the year, a single regional business licence currently being drafted by TransLink could replace the various separate municipal business licences already in effect. TransLink is also working to create an interim inter-municipal licence for municipal governments to consider by the end of this month.

In addition to the campus-specific regulations, the companies are mandated to provide data to UBC on the number of trips starting and ending on campus for institutional planning purposes.

Over the decades, UBC has been actively working to push down automobile traffic volumes on campus by growing the proportion of those who use public transit.

Since 1997, transit ridership at UBC has more than quadrupled, not just from the growth of the student/faculty and on-campus populations, but also from a general real shift towards transit use, specifically after the 2002 introduction of the U-Pass. Over 81,000 trips are now made to the campus on average each weekday.

University data shows automobile traffic — both single-occupancy vehicles (SOV) and carpool vehicles — to and from UBC fell from 62,400 vehicles per day in Fall 1997 to 56,700 vehicles per weekday, even though the campus’ daytime population increased by 64% over a 20-year period.

The SOV share has fallen by 31% over the same period. The number of SOV trips only grew by 300 per average weekday, from 46,000 in Fall 1997 to 46,300 in Fall 2017.

For carpooling, these high-occupancy vehicle trips dropped from 36,100 in Fall 1997 to 22,100 in Fall 2017 — a mode share decrease from 34% to 14%.

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Netflix’s subscriber growth slows as gains from password-sharing crackdown subside

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Netflix on Thursday reported that its subscriber growth slowed dramatically during the summer, a sign the huge gains from the video-streaming service’s crackdown on freeloading viewers is tapering off.

The 5.1 million subscribers that Netflix added during the July-September period represented a 42% decline from the total gained during the same time last year. Even so, the company’s revenue and profit rose at a faster pace than analysts had projected, according to FactSet Research.

Netflix ended September with 282.7 million worldwide subscribers — far more than any other streaming service.

The Los Gatos, California, company earned $2.36 billion, or $5.40 per share, a 41% increase from the same time last year. Revenue climbed 15% from a year ago to $9.82 billion. Netflix management predicted the company’s revenue will rise at the same 15% year-over-year pace during the October-December period, slightly than better than analysts have been expecting.

The strong financial performance in the past quarter coupled with the upbeat forecast eclipsed any worries about slowing subscriber growth. Netflix’s stock price surged nearly 4% in extended trading after the numbers came out, building upon a more than 40% increase in the company’s shares so far this year.

The past quarter’s subscriber gains were the lowest posted in any three-month period since the beginning of last year. That drop-off indicates Netflix is shifting to a new phase after reaping the benefits from a ban on the once-rampant practice of sharing account passwords that enabled an estimated 100 million people watch its popular service without paying for it.

The crackdown, triggered by a rare loss of subscribers coming out of the pandemic in 2022, helped Netflix add 57 million subscribers from June 2022 through this June — an average of more than 7 million per quarter, while many of its industry rivals have been struggling as households curbed their discretionary spending.

Netflix’s gains also were propelled by a low-priced version of its service that included commercials for the first time in its history. The company still is only getting a small fraction of its revenue from the 2-year-old advertising push, but Netflix is intensifying its focus on that segment of its business to help boost its profits.

In a letter to shareholder, Netflix reiterated previous cautionary notes about its expansion into advertising, though the low-priced option including commercials has become its fastest growing segment.

“We have much more work to do improving our offering for advertisers, which will be a priority over the next few years,” Netflix management wrote in the letter.

As part of its evolution, Netflix has been increasingly supplementing its lineup of scripted TV series and movies with live programming, such as a Labor Day spectacle featuring renowned glutton Joey Chestnut setting a world record for gorging on hot dogs in a showdown with his longtime nemesis Takeru Kobayashi.

Netflix will be trying to attract more viewer during the current quarter with a Nov. 15 fight pitting former heavyweight champion Mike Tyson against Jake Paul, a YouTube sensation turned boxer, and two National Football League games on Christmas Day.

The Canadian Press. All rights reserved.

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