Peacock drops a huge price bomb: Get a year of Peacock for only $20

Peacock is offering a 67% discount on its annual subscription for a limited time

Peacock

Attention all budget-conscious streamers! Peacock just dropped an absolute bombshell deal that you won’t want to miss. For a limited time only, the streaming service is slashing a whopping 67% off the price of their annual subscription. That means you can get a full year of bingeing Peacock’s massive library of shows, movies, sports, and more for the rock-bottom price of just $20!

What’s Peacock’s $20 deal?

Peacock’s $20 deal is a limited-time offer that gets you a whole year of their Peacock Premium subscription for a significantly discounted price. Here’s the breakdown:

  • Original Price: Typically, Peacock Premium costs around $60 per year.
  • Discounted Price: With this deal, you can get it for just $20.
  • Discount Percentage: That’s a whopping 67% discount!

How to get Peacock’s $20 deal

Peacock’s $20 deal is only available for new Peacock users. To get the deal, create an account on peacockTV.com and apply the promo code STREAMTHEDEAL at checkout.

The code is only valid from May 29 to June 30. So, make sure to sign up for Peacock before the promotion ends.

Also, please note that after a year, Peacock won’t renew at the $20 rate again, so make sure to cancel before a year is up if you don’t want to pay the platform’s regular price for another 12 months.

Sign up for Peacock Premium
$19.99 for 1 year (limited-time offer)
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What’s included in Peacock Premium?

Peacock Premium gives you the following perks:

  • Over 80,000 hours of content: This includes movies, TV shows, originals, and more.
  • Reduced ads: You will see commercials before and during shows and movies (with a few exceptions).
  • Early access to new content: Be among the first to watch new seasons and originals.

However, Peacock Premium doesn’t include downloads or your live local NBC station. For live NBC feeds and ad-free streaming (with a few exceptions like live sports and select Peacock channels), you’ll need to opt for Premium Plus, which currently costs $11.99 per month or $119.99 per year. Both rates are expected to increase by $2 per month starting in July 2024.

If you don’t want to commit to a year of Peacock Premium, even for just $20, it currently costs $6 per month but will soon cost $8, when the abovementioned price hike takes effect in July.

Peacock's $20 deal

Why is Peacock increasing its subscription fees starting in July 2024?

Peacock is increasing its subscription fees starting in July 2024 for a few key reasons:

  1. To coincide with the 2024 Paris Olympics coverage: Peacock will be streaming thousands of hours of Olympics coverage starting July 26, 2024. The price hike will apply to new customers starting July 18, 2024, just before the Olympics begin.
  2. To offset rising production costs: Many streamers are raising prices as soaring content production costs, sometimes in the billions per year, make it challenging to justify massive expenses in favor of better financials.
  3. To shift away from loss leader pricing: Peacock appears to be moving away from setting aside profits in favor of building a subscriber base by selling subscriptions at “loss leader” prices. The tightening economy is also a factor in this strategy shift.
  4. To align with the ad-supported streaming trend: Ad-supported or partially ad-supported streaming has seen a rise in popularity, with many streamers reporting they can make more revenue from ad sales than even full-priced subscriptions.
  5. To generate more revenue per subscriber: During Q1 2024 earnings, Peacock reported an average revenue per user of $10 per month. The price hike aims to increase this figure.
Source: CNET
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