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...The NFL put a recent playoff game on NBC’s Peacock service that costs $6 per month. Fans grumbled but more than 20mn watched the game, a large number albeit smaller than a pure linear broadcast....
...But, of course, there’s a reason why it’s widely called Shitibank; the sprawling, gormless Citi has for a v v v very long time proven adept at blithely ambling onto various rakes around the world....
...Like ride-sharing company Uber, Netflix priced its streaming service at low rates to attract the biggest audience possible....
...Some rival streamers, including Paramount Plus and NBCUniversal’s Peacock, are also lossmaking....
...Wall Street has grown concerned about some of the media assets Shell oversaw, particularly the Peacock streaming service....
...Commissioning bloat stems from the rise in well-funded streaming services such as Netflix, Disney+ and Peacock, desperate for content to hook subscribers. The streaming wars have pushed up spending....
...The combined service was renamed Max, and the company hopes the broader offering will increase customer numbers and engagement....
...I think a lot of people were anticipating a V-shaped recovery . . . People are now waking up the realisation that volatility is going to be normal going forward.”...
...Comcast has its own streaming service, Peacock, which has about 20mn paying subscribers. Buying Hulu could catapult Comcast from a bit part to a leader in the streaming wars....
...Rival services including Hulu, Peacock and Paramount Plus have ad-supported versions, and Disney Plus plans to roll out ads next month....
...Email me your thoughts at sid.v@ft.com. Latest news Amy Kazmin in Rome has a fascinating piece on why Giorgia Meloni is pushing back on Italy’s shift to digital payments....
...Other streaming services, including Hulu, Paramount Plus and Peacock already offer ad-supported versions....
...Other streaming services in the US and globally already have ad-supported streaming, including Warner’s HBO Max, NBCUniversal’s Peacock, and Paramount Plus....
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...“I don’t think there is anyone in the investment community who anticipated [Comcast’s] Peacock losing two and a half-billion dollars”. The impact has been harsh and sudden....
...A series of Netflix copycats have sprung up, including HBO, Hulu, Disney and Peacock. All have deep pockets....
...Other streaming services in the US and around the world already have ad-supported streaming, including Warner’s HBO Max, NBCUniversal’s Peacock, and Paramount Plus....
...Many consumers are still signing up for streaming services....
...A version of this article was first published by Nikkei Asia on July 19. ©2022 Nikkei Inc. All rights reserved....
...HBO Max; NBCUniversal’s Peacock and Paramount’s Paramount Plus....
...Reach out to me (imani.moise@ft.com) or Sid (sid.v@ft.com) to let us know. Happy reading!...
...Revenues from services jumped 24 per cent to $19.5bn. This included its cut from App Store purchases, which came under fire again on Thursday....
...We are a software as a service business. We charge banks a transactional fee. Every loan that we analyse is a transactional charge....
...One of NBC’s aims is to use the Olympics to attract more viewers to its streaming service, Peacock, which was criticised during the Tokyo Olympics for contributing to a confusing viewer experience....
...During the same quarter, Comcast did not even give an update on sign-ups to Peacock, the streaming service owned by its NBCUniversal division....
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