The streaming service expects to see a $3bn loss over 2023.
This may cause turbulence for all programming, which unfortunately includes both SX and MX. I'd expect a subscription increase for 2024 and a possible sale of the entire service - Comcast just sold off its $9bn stake in Hulu to Disney, showing that these streaming services are portfolio assets that are not 100% understood in realm of long term sustainability.
It's worth noting that NBC saw $30.51 billion in revenue during Q2. Net income was $4.72 billion.
However, with the current SAG and colleagues strike - television as a whole is in a bit of jeopardy, and is not likely to see the same returns for the remainder of 2023.
The entire SMX playoff framing was built on a combined television and streaming package carrying both Feld and MX Sports products. If the Peacock service is sold, there is no guarantee all programming will be transferred over to the new provider in whatever platform shape we see it in. I doubt this will cancel the SMX experiment, but may be a logistical curveball for the two promoters. Thankfully, they know more about entertainment than I do, and I'm sure they have contingency plans in development should a situation like this arise.
Gotta spend money to make money, I guess.
Not surprising.. have you seen some of the shows advertised during the races? Looks so bad.
Live sports are what these platforms still want. Scripted programs are the ones that will feel the squeeze. Comcast has a shit ton of money and there’s no way they’d sell NBC.
I only have Peacock for MX and SX. I also watch every race the whole time (unless something over rules my time), although I’m usually on this forum during the 450 motos.
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Wonder what pea pays for the Tour De France honors? I enjoy Bob Roll and Phil's commentary.
Only thing peacock has is the office and dirt bikes. No surprise they lose money.
It’s not just Peacock, many if not all streaming service are losing money.
Doordash has been losing 1 billion a year for ever. They're still in business
Uber lost $9 billions last year. They only posted profit 1 year, in '18. They're still in business
NBC is profitable every year. Peacock is safe. And if you watch SX & MX on it, watch Poker Face, great show. That will give you a bit more of a ROI...
Amen to that. Some of the most disgusting content I've ever seen (and no, I have not watched). Not to mention the commercials they air. I'm only subscribed for MX/SX. I don't watch other sports...especially the NBA, NFL, NBA garbage.
I hate supporting them and the sewage they push
(wait for it...."commercials are based on your search history" comments.....horseshit)
I will NEVER pay for dirtbike racing
Peacock can burn in hell. Losing money? Good, gfy.
Btw, NBC is not losing money no what they say
I don't know what they lost all that money on but the $20 bucks they spent on MX didn't hurt that much.
Still waiting for the latest copy of MXA or Cycle News to see results?....sorry...I had to.
I signed up for peacock only to watch sx. now with the tour, some indy car stuff, some other sports stuff, poker face, it's one of the better value packages i pay for and i pay for all of them it feels like.
You’ve payed to watch dirt bike racing on since forever. TV wasn’t free. Most of you that say they won’t pay are the same people paying 250+ bucks a month for a cable package lmao never understood the whole I’ll never pay peacock. You don’t have 10 bucks a month?
There's a couple of questions that bug the living shit out of me about streaming.
if a video is recorded and uploaded to a server. There is zero cost associated with streaming that content. I run a personal server with friends with movies on it along with music. There is no upkeep on the server besides updates.
- The only associated cost is my internet connection. that is is.
--- Live streaming i know cost because of infrastructure associated with that, so that can be expensive.
However a 1.4 billion loss seems super excessive. even for a company that size.
I pay 30% of that 250$ but CBS has a streaming app, espn+ paramount etc,etc everybody has a streaming app. If you cave to that mentality....
I'll NEVER do it. But America is a free country and you're welcome to do it
They have to pay for their content.
If you listen to Fox/Paramount accountants Titanic still hasn't turned a profit, so take those loss numbers as you will. You should see what a studio charges it's own productions for ordinary office supplies and other basic things to hide money from talent who have backend deals.
Pit Row
It also includes production costs for content it creates for it's streaming platform and licensing costs for shows not produced by them but acquired from other studios/producers.
One of the news sites has this image regarding this story.
All it would take for Peacock to be 'profitable' is to move some numbers around on a spreadsheet. A ton of these large companies, including some of the ones listed in this thread, have always made a practice of making sure their businesses don't appear profitable usually because they're basically overcharging themselves for services. Plus the tax right offs by "claiming" their services at a money loss thus preventing paying taxes.
ok this makes more sense. I didn't consider that, as i figured it would be like a flat rate and then that's it, they own it forever kinda deals.
I don’t know why you always get downvoted magoofan but I agree. At the risk of offending anyone, watching the peacock races with my 5 year old and watching ads for Cocaine Bear and HIV commercials is cringe
Wow. I figured everyone here liked mx but I guess not. You like riding but not watching pros race?
Claiming toyal-losses for tax write-offs is the new hot thing for the big media conglomerates, especially with the SAG/WGA strikes happening. Of course moto doesn't need writers or actors so it's actually a huge benefit. It would be very interesting to see the moto numbers on peacock, the service seems to be unpopular enough that this little industry could actually make a significant showing.
Cave to that mentality? What’s wrong with streaming the things you actually want to watch at your own leisure?
GWGB
Mad respect to all you parents and what you have to do to raise kids these days in this world.
All these streaming platforms seem to me a lot like the .com bust of the '90s. There are too many of them.
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