Peacock's Price Hike: What You Need to Know from Michael Saves

In a recent video, Michael Timmermann from the Michael Saves YouTube channel discusses Peacock's recent price increase, explaining the new subscription rates and the reasons behind them.

[YouTube]

Watch the video. If you don't have time, here's a brief rundown:

Peacock has significantly increased its subscription prices, with new rates effective for new subscribers on July 23rd and for existing customers on or after August 22nd. The Peacock Premium (with ads) plan is rising from $7.99/month to $10.99/month, while Peacock Premium Plus (ad-free) is increasing from $13.99/month to $16.99/month. Annual plans are also seeing a price bump. This hike is primarily attributed to NBC Universal's substantial deal with the NBA, bringing NBA games to Peacock this fall. With these changes, Peacock Premium will temporarily be more expensive than the base plans for Netflix, HBO Max, and Disney Plus, at least for now. However, Peacock is reportedly testing a new, more affordable plan called Peacock Select at $7.99/month, which would exclude sports and most originals, focusing on next-day NBC and Bravo shows and some library content. Michael Timmermann notes that this is one of Peacock's most aggressive price increases, a service often available at a discount, especially around Black Friday, and concludes by prompting viewers to consider whether they will maintain their subscriptions given the new pricing.

My Streaming Life continues to evolve as streaming services adjust their offerings and pricing. It's always a balancing act to find the best value for entertainment.