Peloton Interactive said on Monday it would pause live production of its exercise videos at both its New York and London-based studios through to the end of April amid the coronavirus pandemic, which is impacting both cities.
Peloton, whose flagship product is a stationary exercise bike priced at over $2,200, had said on Friday an employee at its New York City-based production studio has tested positive for COVID-19, according to a report by tech sector blog The Verge.
Peloton said on Monday it would continue to add new, pre-recorded content on its Peloton App, which has a monthly subscription cost of $12.99.
Additionally, the company said it would pledge $1 million to cover two months of fees for members most in need.
Via our content partners at Reuters. Reporting by Ayanti Bera in Bengaluru. Editing by Maju Samuel.