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Posted on Friday, January 17th, 2020 By Jeff and Jason on Raging Bull
Progressive's 'name your own price tool' is coming to Peacock...
Comcast owned NBCUniversal has released a multi-tiered pricing strategy for its Peacock streaming service, which is set to be released in July.
Peacock will be available for free-ninety-nine to existing Comcast and Cox customers. If youâre not already a customer, pricing will start at $4.99 per month, with commercials (*cough* for peasants *cough*), or $9.99 for those who hate advertisements more than the guy that invented popup blockers.
NBCUniversal has, however, promised no more than five minutes of advertising per show or movie. Some ads may even be interactive, allowing the customer to buy a product, or be run in its entirety at the beginning of the show. This has Spotify freemium model written all over it.
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Cut the cord
Comcast is hoping its efforts can help retain clientele, as it has lost pay-tv subscribers for 10 straight quarters. Existing customers of Comcast will get the ad-supported option for free and a discount on the premium non-ad version ($5 per month).
With the goal of having 30M to 35M active streaming accounts by 2024, the cable company wants to make a dent in the streaming world... without accelerating the decrease of paying cable customers. So it wants to kick the can down the road?
The bottom line...
Comcast is playing catch up, as a literal f*ck ton of competitors already crowd the space. FFS, even Quibi will beat Peacock to market. Comcast's pricing options are, however, among the most affordable at $5 and $10 per month, compared to Netflix premium at $16 or Disney+ at $7.
It also doesnât hurt that the 'Cock will be the streaming home of 'The Office.'
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âï¸ Pass the aux cord. Bose is closing down its entire brick and mortar US retail operation and moving all of its sales online. The maker of headphones for people who are not quite cool enough to rock Beats by Dre will be closing 119 stores in the Land of the Free, but 130 will remain open abroad in Greater China and the UAE. Bose officials said the move comes as a result of a "dramatic shift" to online shopping, though the percentage of sales wasn't disclosed. Unsurprisingly, the closings will come with significant job cuts.
âï¸ EliTe Company. Yesterday Alphabet joined the elite list of US companies whose market value has reached $1T after the tech monster kicked off 2020 off with a huge rally. Amazon, Apple, and Microsoft are the only other US companies to reach $1T, though Amazon has since lost its 4-comma status. The only thing that could rain on Googleâs parade? Potential antitrust probes related to its advertising business and the pricing practices. But until Johnny Law comes calling, itâs welcome to Trillville, baby.
âï¸ Banks roll. Morgan Stanley joined JP Morgan and Citibank, announcing stellar quarterly earnings, citing an investment in a Chinese baby formula company as a key driver to its success. A $50M investment six years ago turned into a $2B windfall for the bank following an IPO, which helped drive the asset management division's investment revenue to a whopping $670M.You can't make this sh*t up, folks. Overall, the companyâs Q4 profit rose 46% from last year, pushing the stock price up 6.6% on the day, and 25% since September 30.
âï¸ The air up there. Electric cars are so 2019. Toyota is making a massive bet on a company that wants to make ⦠wait for it ⦠electric flying taxis. Thatâs right, the OG hybrid maker is investing $394M as part of a $590M Series C fundraising round in Joby Aviation. Cue 'The Jetsons' theme song.Joby has raised $720M in total to date. The company released an image of its prototype that looks like an oversized drone. The electric-powered aircraft can carry four passengers and a pilot up to 150 miles on a single charge. Despite not having approval from the FAA, Joby and Toyota seem hopeful about its future. Lookout, Blade.
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