Listen: NBC's Upcoming Streaming Service Is Called… Peacock
"Masters and this is the Hollywood breakdown joining me as Matt Felony of the Hollywood reporter and Matt. We talk now. A lot about the newcomers comers in the streaming world. These old guard companies warner media et CETERA are spending a fortune and in a way you could argue argue risking a great deal by trying to launch the streaming services and there are different business models. You know you have your your net flicks model where you pay whatever twelve thirteen dollars a month now. We have a Disney coming in with seven dollars a month apple five dollars a month for free if you have a new device all of these things. NBC See has coming is now entering the field kind of behind the other guys with peacock a streamer. That's going to be again a different model yeah and and the key thing here is that NBC universal is owned by comcast which is already a massive distributor. They've cable services other services as well. They are are coming up this from a slightly different perspective and the way that's manifesting is that most comcast cable subscribers will be able to get this new peacock service this with ads for free and they're using it to kind of keep people in their ecosystem and that's a big differentiator here. It's going to be mostly at driven ribbon. There will be a tier where you can pay extra to get it for to get it without ads similar to Hulu but most of the comcast subscribers are GonNa got this with ads. It really shows that while every company right now is trying to get into the streaming game they're doing for different reasons and they're coming at it from a different perspective respect yeah and of course it's causing confusion for consumers and a question of how much are you spending for what but also an incredible bonanza for anybody who has an old old show. I mean they are talking about coming up with reboots of Battle Star. GALACTICA saved by the bell things that you know I I don't even remember burst in some cases existed in the first place the and they're gonNA end. They're gonNA add some original stuff from Mike sure who made the good place and parks and REC and Brooklyn nine nine so you know they're looking as bill McGoldrick Guy who's going to run this thing. We are looking for loud buzzy originals finals so that that can make a name for ourselves. I love it when people are asked about the strategy. What's the strategy. We're looking for compelling program Riley. Everybody we'll talk about okay. Thanks now the big the big bonanza here and there is really a bonanza going on in the TV business if you do not have a TV show and you are atv the writer you may you may start to question your talents because there are a ton of opportunities right now and the biggest are for these libraries shows shows that are proven hits that have been big in syndication are now getting the second windfall from streaming just in the past week we saw. Big Bang theory go for six hundred million dollars just for the streaming part it also re up syndication putting that in the billions of dollars for one show Big Bang theory. This peacock service is going to launch with the office and the office is a massive. NBC Universal Property. They're paying upwards of five hundred million for this. That's great eight news for all the prophet participants on these shows but it's a bad thing for the rights and it's a bad thing for the companies that are trying to license material no because the prices are just sky high right now. Yes it's GONNA pay. I mean the good news. America can rest easy because Dick Wolf is going to get even richer with the massive amount of shows that he has that he can put together and and licensed so Y- what a what a windfall for these guys and in the case of NBC you they are essentially buying the office from themselves so it's not like they are paying an outside studio but they have to set that price because the prophet participants on the show show need to get paid and they are getting paid at this very high valuation that is designed to keep Netflix out. Keep Disney out. Keep all these other bidders. Everyone one is trying to stock up for the streaming. Moore's yes. We've seen a lot of litigation when companies buy things from themselves so people will be watching that closely. Thank you matt"