NBCUniversal's Peacock streaming service finally has a release date. As revealed at the company's investor meeting, Peacock will debut on Wednesday, April 15, with both ad-supported and paid subscription versions.
There is one significant catch, however. Peacock will initially only be available to subscribers of Comcast's Xfinity X1 service and owners of Comcast Flex devices, with a wider release to follow on July 15, 2020, timed to the start of the Summer Olympics in Tokyo.
Netflix is expected to spend $17.3 billion on new content in 2020, up from $15.3 billion last year.
This spending projection comes from a Wall Street firm's forecast, as reported by Variety.
BMO Capital Markets also claims Netflix's spending on new streaming content will increase to over $26 billion by 2028.
“We continue to believe the ‘streaming wars’ narrative is false and there will be multiple winners in global streaming,” said BMO’s Dan Salmon.