Last February, reports leaked that Paramount+ and Peacock have started talks to merge into a single streaming service. This came as the two sides wanted to find options to help make their streaming services profitable.
The report said that Comcast and Paramount recently met to discuss options to possibly merge their respective streaming services into a single offering, among other scenarios that include a joint venture structure. This would bring Paramount’s and NBCUniversal’s content under a single streaming app.
Now, the Hollywood Reporter has come out to say that as talks for Paramount to be sold or merged fall apart, a possible streaming deal with Peacock and Paramount+ is once again a reality and likely Paramount’s next step.
Details are still thin. No pricing, naming, or other details have been decided at this time. And, neither company has made a formal announcement about the talks.
This all comes as Disney, Fox, and Warner Bros. Discovery recently announced plans to launch a joint venture streaming service that will offer access to their sports networks without the need for cable TV.
Now it seems that a large part of Comcast’s and Paramount’s plans to merge their streaming services is not only about making both services profitable but also about fighting this new sports joint venture.
With this merged streaming service, Comcast and Paramount could have their own joint venture and take on Disney, Fox, and Warner Bros. Discovery.
For consumers, these two newly joined streaming services could offer access to most sports that are on TV right now without the need for cable TV or even a streaming service like YouTube TV.
For Comcast, Paramount, Disney, Fox, and Warner Bros. Discovery this new streaming service could mark a massive change in how sports are distributed. They can go directly to consumers in a model that is likely to pull millions of subscribers. This will allow them to keep all the profit from the new service cutting out the middleman.
For now, the question is would Paramount and NBCUniversal be able to reach a deal to merge their streaming services. Or will they continue to go at it alone?
Please follow us on Facebook and X for more news, tips, and reviews. Need cord cutting tech support? Join our Cord Cutting Tech Support Facebook Group for help.