NBCUniversal to Launch Its Streaming Service

NBCUniversal to Launch Its Streaming Service

NBCUniversal to launch streaming service in 2020

Description video:
CNBC’s Julia Boorstin reports on the details surrounding NBCUniversal’s announcement that it will launch a streaming service in 2020. Boorstin spoke with CEO Stephen Burke about the news, and he expects 3 to 5 minutes of ads per hour on the service.\n\n» Subscribe to CNBC: http://cnb.cx/SubscribeCNBC \n\nAbout CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. \n\nConnect with CNBC News Online \nGet the latest news: http://www.cnbc.com/ \nFind CNBC News on Facebook: http://cnb.cx/LikeCNBC \nFollow CNBC News on Twitter: http://cnb.cx/FollowCNBC \nFollow CNBC News on Google+: http://cnb.cx/PlusCNBC \nFollow CNBC News on Instagram: http://cnb.cx/InstagramCNBC \n \n#CNBC

NBCUniversal to Launch Its Streaming Service

NBCUniversal Announces Launching Its Own Peacock Streaming Service.

The start of the advertising campaign is scheduled for April 2020. At the same time, the option to choose a subscription will appear..

NBCUniversal to Launch Its Streaming Service

Clients expect 15 thousand hours of content. The cost of the services provided will be announced closer to the launch.

Name “Peacock”, which translates as «peacock», is a tribute to NBC’s colorful logo. This name sets NBCUniversal apart from new streaming offerings from Disney and Apple named Disney+ and Apple TV +. It is already known that the new Disney service will cost $ 6.99 a month or $ 69.99 for an entire year, while Apple’s family subscription will cost $ 4.99. Both services are expected to launch in two months.

AT company&T WarnerMedia also plans in the spring launch your own streaming service. New products and projects compete with existing players, including Netflix, Amazon and Hulu, both owned by Disney.

As the market expands, companies are spending a lot of money to buy out popular shows.. NBC announced in June that it will delete the series «office» from Netflix in 2021 so the sitcom can be part of their own streaming lineup. The company will pay $ 100 million per year for exclusive screening of this show. Comedy became the most watched TV series on Netflix in 2018.

It is also known that the Netflix broadcasting grid will leave the cult series «friends». That being said, the company previously said the loss of two popular shows would free up its budget for more original content..