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For durable products that are assembled from multiple distinct but fully complementary components, hybrid ownership models become increasingly prevalent, with flexibility to either purchase or subscribe to individual components. Take NIO’s Battery-as-a-service (BaaS) model in the electronic vehicle sector as an example. Consumers may purchase the vehicle body while having the option to either subscribe to or purchase the battery. Similar observations arise in other industries, such as purchasing printers while subscribing to or purchasing ink products, purchasing video game consoles while subscribing to game libraries or purchasing games. In this project, we aim to use a stylized economic model to understand how firms in these industries optimally select the hybrid ownership models and their corresponding pricing decisions in a centralized model, and how these choices are impacted by business parameters, such as production costs, maintenance costs, product durability, and channel decentralization.