The Streaming Wars: Did NBC just launch its upcoming video streaming service?
Updated: Aug 20, 2019
We knew it was coming, but on Tuesday NBC announced that it’s taking back The Office from Netflix when the show’s contract expires in 2021.
Netflix was willing to pony up $90 million to retain the show, however NBC offered $100 million to put the show on its own streaming service debuting next year.
But wait, why does NBC have to pay to take back it’s own show? Well, The Office was produced by Universal Television, a different division of NBCUniversal, in association with Deedle-Dee and Reveille Productions.
Comcast (parent of NBC) is made up of independently run divisions and each division must pay a transfer price for any products or services of another division. In this case, NBC is buying the rights from Universal Television.
Here’s what we know about NBC’s streaming service so far:
The name? We don’t know this yet, but for the love of all things holy, please choose any name other than “NBC+”.
When will it launch? As of writing this, the service is marked to launch in the first quarter of 2020. According to Variety, the launch will coincide with the 2020 Olympic Games in Tokyo.
What will it cost? Well, if you subscribe to a traditional pay TV service including Comcast and competitors such as Charter, AT&T, Cox, and Dish, the service will be ad-supported and free.
If you don’t subscribe to a pay TV service, you will have the option to subscribe directly for somewhere around $12 per month.
Speaking of all of this, NBC just merged all of their network apps into a single app. Is this the beginning of the new unnamed service?
Natural progression or coincidence? What do you think?
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