That is the age of the streaming video service. New companies appear to emerge each month, and the content material licensing wars are reaching deafening ranges. And now, Comcast is mulling whether or not to pull its movie library from HBO Max and Netflix and use it to bolster its personal streaming service, Peacock.
At present, Comcast is being paid a good-looking sum by the 2 streaming platform giants for the rights to it’s stellar catalog—which incorporates the favored Quick & Livid and Jurassic Park franchises, in addition to animated films like Despicable Me. HBO Max has the rights to new Common Footage films 9 months after leaving theaters, and Netflix has an identical deal for movies from animation studio Illumination Leisure. The dilemma: these offers expire on the finish of the 12 months, and Comcast is debating whether or not to resume the offers or transfer its content material to its personal service.
Transferring the content material to a proprietary streaming service isn’t exceptional. Disney pulled its library from Netflix and moved it to Disney+, which is now thriving. Plus, with film theaters nonetheless shuttered because of the pandemic, streaming video services are the place the entire competitors is at present at.
The massive query now’s whether or not transferring the content material to Peacock (and making it the brand new platform for watching fresh-from-the-theater films) will give it a better foothold within the streaming wars towards the likes of Disney+, HBO Max, Netflix, Hulu, and Prime Video, or if it’ll be extra profitable for Comcast to maintain issues precisely how they already are.
Peacock is already the house of beloved titles like The Workplace, 30 Rock, Saturday Night time Stay, Downton Abbey, and Friday Night time Lights, together with a mixture of sports activities and authentic content material. With the Common Studios film catalog alongside these well-liked titles, the service will certainly see much more success. Both approach, it is going to nonetheless must compete with Disney+’s blockbuster slate of upcoming series and movies from properties like Marvel and Star Wars, and with Netflix’s full slate of recent upcoming films and authentic exhibits.