In 2023, NBCUniversal’s Peacock streaming service faced significant losses amounting to $2.7 billion, with a subscriber base of around 30 million, significantly fewer than Netflix.
The platform struggled to generate popular original content and relied heavily on leased series like Yellowstone.
Despite promoting Seth MacFarlane’s Ted as its most-viewed series, the show was deemed “outrageously expensive.”
Peacock hosts MSNBC’s programming and faced a loss of $825 million in the final quarter of 2023.
The broader trend of legacy Hollywood studios, including Disney, struggling to compete with Netflix in the streaming market was also highlighted.
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