Paramount and Peacock in talks to Merge Streaming Services
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Pramount+ and Peacock have reportedly started talks to merge into a single streaming, according to a report from The Wall Street Journal.
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According to that report, Comcast and Paramount recently met to look at options to possibly merge their streaming services into a single streaming service, among other options. This would bring Paramount’s and NBCUniversal’s content under a single streaming app.
Details are still thin. No pricing, naming, or other details have been decided at this time. At this time, neither company has made any formal announcement about the talks.
Paramount+ had 63 million subscribers at the end of the 3rd quarter of 2023. Peacock recently announced that it hit 31 million subscribers paying for the service. Some subscribers pay for both but merging together will help the services compete with larger services like Max and Disney+.
Both services are still struggling to turn a profit. Paramount+ is expected to become profitable by the end of 2025. No timeline is known for when Peacock will become profitable. Merging the services could also help them reach profitability sooner.
Via: Cord Cutters News
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