Peacock News & Analysis

Streaming Services Increase Prices Amid Rising Costs

Over the past three months, at least six major streaming services, including Peacock, Apple TV, and Disney+, have increased their subscription prices. For example, Peacock's Premium monthly price has gone from $10.99 to $12.99, marking a $2 increase. These price hikes, while small on a monthly scale, can add up significantly over a year. CNBC staffers share strategies to mitigate these costs, such as leveraging credit card perks that offer discounts or complimentary subscriptions. The article discusses several approaches used by CNBC staffers to save on subscription services, highlighting the benefits offered by certain credit cards. For instance, the Chase Sapphire Preferred® Card offers a complimentary year of Apple TV for activations by December 31, 2026. Staffer Elizabeth Knueven switched from Spotify to Apple Music due to new music credits from the Chase Sapphire Reserve card. This trend of rising subscription costs is important for consumers who rely on multiple streaming services, as it impacts their overall entertainment budget. Consumers can explore credit card offers and other strategies to manage these expenses more effectively.