Movies on some streaming services could go to Peacock

The battle between streaming services for your excessive viewing hours keep on going.

Citing sources familiar with the subject, Bloomberg reported Wednesday that Peacock’s parent NBCUniversal was considering shooting his films services like Netflix and HBO Max to strengthen its own content offering. The outlet also reported that the contracts that HBO Max and Netflix have with Universal Pictures and Illumination Entertainment respectively will expire at the end of 2021.

Bloomberg reported that no final decision has been made as to whether he will remove his films from competing services where they appear less than a year after their theatrical release. A spokesperson declined to comment on the negotiations, but confirmed that compensation rights 1 agreements arrive at the end of the year and negotiations with interested parties are currently underway.

It is not surprising, however, that Peacock weighs such a decision. While these licensing deals are likely lucrative for NBCUniversal, Peacock has entered the streaming war alongside several other platform launches. Everyone is competing for viewers, and no one pulls quite the number of Netflix or Disney +, which have 200 million and 100 million subscriptions, respectively. Peacock, who launched last year said he had 33 million subscriptions in January.

Peacock offers a lot of content that other services don’t, and its WWE Hub will likely be a draw for some subscribers. That said, Netflix and HBO Max are pouring a ton of money into producing high-quality originals, which will help them continue to scale and attract new subscribers.

Even though NBCUniversal extracts its films from competing services and offers them instead of itself, it is doubtful that this will provide the service.– in particular for films already released in theaters. This is especially true as the promise of covid-19 vaccines reaches a higher percentage of the population and consumers begin to return to public spaces for movies.

Will this potentially be zero for subscribers? Well yes. But I wonder if many HBO Max and Netflix users would even know the difference if Peacock pulls that leverage.