Walmart is overhauling its Walmart+ subscription service by adding Peacock as a streaming option, a move that directly challenges Amazon's Prime bundle strategy. Starting September 15, members can choose between a subscription to Comcast’s Peacock Premium or Paramount’s Paramount+ Essentials at no extra cost, as part of the service's 5th-anniversary.
Pick your player: The price of Walmart+ remains unchanged at $98 a year, but now includes the flexibility for members to switch between the two streaming services. While the exact switching frequency is unconfirmed, the new choice-based offering adds a significant streaming perk to the membership, which already includes benefits like fuel savings and free delivery.
A proven playbook: The new arrangement builds on a partnership that first began with Paramount three years ago. Ray Hopkins, Paramount's President of U.S. Distribution, called the initial collaboration a "tremendous success," while NBCUniversal's Matt Schnaars noted the new deal gives Peacock a direct line to Walmart’s massive subscriber base.
By bundling streaming choices without raising its price, Walmart is solidifying its position as a serious aggregator in the streaming wars. The move leverages its retail footprint to offer a compelling alternative to Amazon Prime, turning its membership into a broader ecosystem of value.
Beyond the bundle: In other news, the streaming perk is just one piece of the full Walmart+ bundle, which includes benefits like free grocery delivery, fuel discounts, and early access to deals. Meanwhile, for those weighing their options, the Paramount+ service includes access to over 40,000 episodes and movies, live sports, and original series.
