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The potential deal would make Peacock a major streaming service for some massive franchises.
In an effort to bolster Peacock’s popularity amid the streaming war, NBCUniversal may pull its films away from rivals Netflix and HBO Max, according to a new report from Bloomberg.
Currently, HBO Max has a contract that allows it to release new Universal Pictures movies nine months after their theatrical release. This agreement includes deductibles such as Fast Furious and jurassic park. Netflix has a similar deal with Illumination Entertainment, the animation studio behind big hits like Despicable Me and The Secret Life of Pets. Both of those deals expire this year, giving NBCUniversal all the freedom it needs to move its movies to the Peacock service.
This has the potential to be big news for Peacock, not only because it could become the sole home for some of our favorite franchises, but also because new movies could theoretically go straight into it. HBO Max is already streaming all of the major Warner Bros. movies by its release date, and Disney’s next move in the streaming war is to bring Black window at Disney + the same day the movie hits theaters. Even Paramount + is closing ranks in order to compete in this new market, with films such as Mission: impossible 7 and Top Gun: Maverick switch to service only 45 days after release.
Losing their contracts with NBCUniversal would certainly be a big blow to both Netflix and HBO Max as they would lose some of their current library and no new movie from the company would likely ever reach their service. At the same time, Peacock’s service would dramatically increase its value to moviegoers, especially if future big hits such as F9 become exclusives. It makes sense for NBCUniversal to take their time before announcing a move, as they could shake up the streaming service and bet all their chips on Peacock’s success, or pressure rivals to sign more profitable deals.
Whatever NBCUniversal decides, streaming is here to stay, even after we get rid of the pandemic. Their decision will not only reflect how many subscriptions we need to keep up with all upcoming major releases, but also the price of those subscriptions. While it’s not clear when NBCUniversal will make a decision regarding these franchises, it will certainly be a big deal when they make a choice one way or the other.
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