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Peacock is raising subscription prices for the fourth time in as many years

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Why This Matters

Peacock's recent subscription price hikes highlight ongoing industry trends of increasing streaming costs, even for platforms with limited original content. This impacts consumers by potentially reducing affordability and influencing their streaming choices, while also reflecting broader market pressures faced by streaming services. Despite these increases, Peacock continues to cater to niche audiences, particularly reality TV fans, emphasizing the importance of content specialization in a competitive landscape.

Key Takeaways

It's happening again. Peacock is raising subscription prices, despite just announcing its first-ever profitable quarter. These aren't slight increases. This is a significant uptick. The standard ad-based plan is shooting up to $13 per month from $10, and the Premium Plus subscription will soon be $20 instead of $17. Yikes.

This also impacts the Peacock Select subscription, which is a bare-bones package that only includes select seasons of some NBC and Bravo shows. That's going up to $9 per month from $8.

These changes go live today for new and returning customers. Current subscribers have until September 17 before getting bashed by a price increase.

This is the fourth such increase in four years. This streamer isn't even particularly known for its original scripted content. There's a spin-off of The Office and that adaptation of Twisted Metal.

However, it is a boon for those obsessed with reality TV. Subscribers have access to the entire Bravo stable of shows, plus programming like The Traitors and Love Island. As a matter of fact, Peacock hosts a whole bunch of Love Island-adjacent programming, like the spin-off Love Island: Beyond the Villa and the competition show Love Island Games. That's probably worth $20 a month to some.

It's also worth noting that Peacock is not the only platform that consistently raises prices. They pretty much all do. Netflix, HBO Max, Apple TV, Paramount+ and YouTube Premium have all become most expensive in the past couple of years.