Netflix and HBO Max subscribers may be turning to Peacock soon — here’s why
Netflix and HBO Max subscribers may exist turning to Peacock soon — here's why
These days, cutting the cablevision cord ways subscribing to any number of proprietary streaming services. Netflix and Hulu are some of the more prevalent platforms, but HBO Max has become a premiere destination for new releases as well. With stores of its movies and content on other streaming platforms, NBCUniversal is looking into potentially removing its content from other services to instead keep them on its ain Peacock platform.
For those who have already opted out of adding Peacock to their revolving door of streaming services, that might present a problem. Namely, having to subscribe once more than to access the content they'd be missing elsewhere. It makes choosing a streaming service all the more than complicated as content becomes exclusively siloed to specific brands.
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Bloomberg reports that NBCUniversal would plan to keep new picture releases on Peacock instead of HBO Max. At the moment, HBO Max pays for rights to NBC Universal content for nine months later on leaving theaters. Netflix has a like bargain in identify, though both deals are prepare to expire at the stop of 2021.
Sources indicate there'due south no final decision has been made for NBCUNiversal'southward cease thus far. At that place are even discussions nigh other potential, like deals with third parties like HBO Max and Netflix. So what's the catch? Internal talks accept even so to reveal a viable reason for giving popular movies to competitors. Yet, information technology's something worth discussing, particularly since the pandemic has forced films to be more readily available for viewers at home.
Universal is dwelling to several integral franchises that rank highly across the major streaming services: Jurassic World, Fast & Furious and The Hole-and-corner Life of Pets 2. It would exist massively detrimental for HBO Max and Netflix to lose these money-makers. But that's why both platforms take prepared past working to extend its own offerings of scripted films and shows to recoup.
Right now, it's unclear whether this programme will come to fruition. Internal deliberations are withal happening, but the event could mean big things for Peacock. At the moment, Peacock boasts that information technology has at to the lowest degree 33 million accounts. Unfortunately, that'southward translated to but 11.3 million active viewing households. That'due south a far cry from Netflix, which is in 80% of U.S. households as of August 2020. If Peacock does update its exclusive offerings, that could help give it a major advantage.
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Source: https://www.tomsguide.com/news/netflix-and-hbo-max-subscribers-may-be-turning-to-peacock-soon-heres-why
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