Peacock Lost $825 Million in Final 2023 Quarter

https://www.indiewire.com/news/breaking-news/peacock-lost-825-million-dollars-comcast-q4-earnings-1234948127/

The NBCUniversal streaming service ended the year with 31 million subscribers.

20 points · 5 comments · view on lemmy.world

5 Comments

TragicNotCute@lemmy.world · 4 pts · 2y (1 reply)

Such an interesting headline for the article to be generally positive about its outlook for Peacock.

Stamau123@lemmy.world · 1 pts · 2y

"Gotta spend money to make money"

beckerist@lemmy.world · 1 pts · 2y
[ removed ]
JelloBrains@kbin.social · 1 pts · 2y

I'd like to see a breakdown of the subs, I imagine many of them are on promotions like the Black Friday $29 a year deal. Let's say it's just 10mm of them, that leaves 21 million others, not knowing if they are paying the ad-supported price or the higher price, I'll just use them as a whole, it works out to everybody needing to pay an extra $40 over the quarter. Streaming just costs too much for everybody to have a service and by the time companies realize it and try to go back to licensing everything to Netflix it will be cable-like pricing which will push more piracy or continue the push of young people turning to only YouTube or TikTok entertainment.

Ashyr@sh.itjust.works · 0 pts · 2y (1 reply)

31 million is a shocking number of subscribers.

Johnvanjim@kbin.social · 2 pts · 2y

Pretty sure I’m a member due to some temp/free 6 month offer, not that I’ll ever pay for that service though..