NBCUniversal's Peacock Streaming Service Raises Subscription Price For First Time Since Debut
Portfolio Pulse from Vandana Singh
NBCUniversal's streaming platform, Peacock, is set to increase its subscription prices for the first time since its debut in 2020. The price hike, effective from August 17, comes as the platform's subscriber figures continue to grow, reaching nearly 22 million in the first three months of 2023. The price increase will allow NBCUniversal to invest in strong programming and remain competitive. Other major streaming services like Paramount Global's Paramount+, Warner Bros Discovery's HBO Max, Disney+, Netflix, Apple TV+, and Amazon Prime Video have also raised prices.
July 18, 2023 | 1:31 pm
News sentiment analysis
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NEUTRAL IMPACT
Apple TV+ also raised its subscription prices.
The news about Apple TV+ is mentioned in passing and does not provide enough information to predict a potential impact on the company's stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Amazon Prime Video also raised its subscription prices.
The news about Amazon Prime Video is mentioned in passing and does not provide enough information to predict a potential impact on the company's stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Netflix Inc also raised its subscription prices.
The news about Netflix is mentioned in passing and does not provide enough information to predict a potential impact on the company's stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Paramount Global also increased the monthly subscription price for its streaming service, Paramount+.
The news about Paramount Global is mentioned in passing and does not provide enough information to predict a potential impact on the company's stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Warner Bros Discovery Inc raised the price of HBO Max.
The news about Warner Bros Discovery is mentioned in passing and does not provide enough information to predict a potential impact on the company's stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
NBCUniversal's parent company, Comcast Corp, expects Peacock’s losses to peak around $3 billion in 2023, then steadily improve. The price increase could potentially boost revenues.
The price increase for Peacock's subscription could potentially lead to increased revenues for Comcast Corp, which could positively impact the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100