Peacock raises subscription costs for the primary time

Streaming service Peacock is elevating the costs of its subscription plans, when you’ve got an inclination to rewatch The Workplace for the hundredth time. The ad-supported Premium subscription goes up by a buck, to $6 per thirty days, whereas the ad-free Premium Plus possibility shoots up two bucks to $12 per thirty days. An annual Premium subscription goes up $10, so $60 per yr, whereas the Premium Plus subscription will increase $20, making it $120 per yr. This all goes into impact on August seventeenth, in line with an e mail despatched to present subscribers.

That is truly the primary worth hike for the NBCUniversal-owned streaming service since launching again in 2020. The rise impacts each present and incoming subscribers. The streamer so it’s a must to pay as much as study if Jim and Pam ever share that paper-drenched kiss.

Why the value hike? Peacock is hemorrhaging cash, regardless of a rapidly-increasing subscriber base. As of April, the streamer boasted 22 million paying subscribers, however elevated programming prices led to a lack of greater than $700 million. NBC’s golden baby was the final holdout, as each different main streaming platform already slapped subscribers with worth bumps. Paramount+ costs and the , Disney+, Apple+ and all the remainder.

This might all be moot if these twin Hollywood strikes aren’t resolved within the short-term, because the streamers will run out of content material faster than you’ll be able to say “go exterior and contact grass.” Exhibits premiering now had been filmed final yr, thereabouts, so anticipate a severe dry spell subsequent yr round this time.

As for Peacock, there’s a cause it reached over 20 million subscribers in simply a few years. It’s not simply residence for The Workplace and different beloved, although historic, sitcoms. The service streams tons of reside sports activities, together with NFL soccer, Premier League soccer and WWE wrestling. It’s additionally gotten itself a steady of respectable unique programming, from the to the critically-acclaimed old-school sleuthing of Poker Face.

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