The Olympics Could Play a Critical Role in Peacock, Discovery+ Streaming Success
In a competitive streaming market, companies have to offer something different to encourage consumers to subscribe to one service over another. As bigger names have risen to the top, some services have struggled to keep up. Now, the 2020 Summer Olympics could have a major impact on some of the streaming services that were previously running behind.
Those who want to stream the Olympics are left to use Peacock or Discovery+. As a result, the two services are drawing in more viewers during the Games.
Peacock is a subscription video streaming service from NBCUniversal that gives access to up to 15,000 hours of content including original shows, blockbuster movies, and classic television series.
Just like other streaming services, Peacock will have their own original series including reboots of Save By The Bell, Punky Brewster, and Battlestar Galactica. They also have shows like Rutherford Falls (Ed Helms), Dr. Death (Alec Baldwin), and a behind-the-scenes docs-series about Saturday Night Live.
The company has acquired the rights to many classic shows like the entire Dick Wolf library including Law & Order and Chicago Fire, Parks and Recreation, and The Office.
The service will also feature blockbusters and critically-acclaimed films from Universal Pictures, Focus Features, DreamWorks Animation, Illumination and content acquired from Hollywood’s biggest studios.
Variety notes that while the numbers for the Olympics have not been too impressive so far, they remain an important part of promoting both Discovery+ and Peacock. The exclusivity of the games can help these less popular streaming services catch up to the bigger names in the business — such as Disney+, HBO Max, Netflix, and Hulu.
Previously, Matt Strauss, Peacock’s chairman, called the Olympics a “meaningful driver” for the streaming service. Dan Ives, an analyst at Wedbush Securities, predicted a 30% increase in Peacock subscribers because of Olympic coverage.
Now that Peacock and Discovery+ are gaining greater attention from consumers, the streamers will have to find new ways to keep their numbers up. It looks like Peacock has already been planning for this.
discovery+ is a video streaming service that offers more than 55,000 episodes of 2,500+ current and classic shows from several popular TV brands including Discovery, Investigation Discovery, HGTV, TLC, Food Network, A&E, Lifetime and History.
The service primarily focuses on non-fiction programming or “reality” TV shows.
discovery+ is available with limited ads for US$4.99 / month or ad-free for US$6.99 / month.
Once subscribers are in the Peacock app, they can enjoy a variety of movies and shows on-demand while they take a break from the Olympics. Later this year, Peacock will release more original content, including 60 new series.
Going forward, Peacock will be offering more sports content, which will appeal to its Olympic audiences. All IndyCar races will be streamed on Peacock next year. Peacock will also stream Premier League games throughout the 2021-22 season.
While the Olympics may not be enough to push Peacock to the top, the games can pique consumers’ interest and give them a chance to see everything that the streaming service has to offer.
2020 Summer Olympics
- Basketball 3x3
- Beach Volleyball
- Field Hockey
- Rhythmic Gymnastics
- Sport Climbing
- Table Tennis
- Track & Field
- Water Polo