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Microsoft AI chief gives it 18 months—for all white-collar work to be automated by AI

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Microsoft AI chief gives it 18 months—for all white-collar work to be automated by AI

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Former top Russian official admits the country is over Putin and can 'imagine a future without him' — even elites bail as Kremlin seizes their assets 

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The Bezos family just donated $100 million to help achieve one of Mayor Zohran Mamdani’s top campaign promises
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Xfinity customers have been getting Peacock free for three years, but that’s about to end

By
Chris Morris
Chris Morris
Former Contributing Writer
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By
Chris Morris
Chris Morris
Former Contributing Writer
Down Arrow Button Icon
February 13, 2023, 11:45 AM ET
Peacock will no longer be free for Xfinity customers.
Peacock will no longer be free for Xfinity customers.Pavlo Gonchar—SOPA Images/LightRocket/Getty Images

Millions of Comcast customers, who have enjoyed free access to the company’s Peacock streaming service since its debut in 2020, are about to be handed a bill.

The company has confirmed to Variety that it will no longer include free access to Peacock Premium to subscribers in the coming months. That will force customers of Xfinity TV and broadband to choose between giving up the service or paying for the ad-supported network (which normally carries a $4.99 per month fee).

New customers will no longer receive the offer beginning April 3. And existing customers will see it disappear on June 26. This comes after Peacock did away with its free ad-supported service last month.

Comcast plans to offer users who currently receive Peacock for free a discounted rate, but that has not yet been determined.

Peacock, as of the end of last year, has 20 million paid subscribers, which is nearly double where it stood at the end of 2021. However, the service is still not profitable.

Streaming services are increasingly moving away from focusing on subscriber numbers and turning their attentions to profitability. That’s resulting in price increases that are making customers reevaluate their loyalty to the channels.

That’s what has fueled the rise in ad-supported versions of Netflix, HBO Max, and others in the past year. Subscriber signups are slowing down as the market becomes saturated. Research indicates that U.S. consumers subscribe to 4.7 streaming services on average. To achieve growth, a subscription-based platform must displace a competitor—an increasingly difficult task. The other option is to offer a low-cost or free ad-supported tier.

To lure those paying subscribers, services are offering more exclusive programming; Peacock has current hits with both Yellowstone and Rian Johnson’s Poker Face. It also has an exclusive window for films from Universal, streaming the films for four months before other services are able to do so.

Learn how to navigate and strengthen trust in your business with The Trust Factor, a weekly newsletter examining what leaders need to succeed. Sign up here.

About the Author
By Chris MorrisFormer Contributing Writer

Chris Morris is a former contributing writer at Fortune, covering everything from general business news to the video game and theme park industries.

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