Netflix Premium Free with Peacock annual subscription

Verizon continues to reshuffle its offering of different streaming bundle deals, aiming to find new ways to appeal to bargain hunters – and to meet specific sign-up goals of its content partners.

The telco’s latest offering: Verizon customers who subscribe to NBCUniversal’s Peacock Premium annual plan (with ads) at the new, higher rate of $79.99 per year – just over a week before NBC’s Summer Olympics in Paris – can receive a free year of Netflix Premium, normally priced at $22.99/month (for a total value of $275.88 per year). Netflix’s Premium tier offers ad-free viewing on up to four devices simultaneously, with content available in up to Ultra HD quality. The Verizon offering is currently scheduled for July 18 and August 31, 2024.

The Netflix Peacock offer is available through Verizon’s +play hub for purchasing and managing content subscriptions, which is available to all Verizon wireless and home internet customers.

For NBCU, the purpose of the Peacock-Netflix bundle offer through Verizon is to give users an extra incentive to get a full year of Peacock just as prices are rising. That’s because NBCU plans to present about 5,000 streaming hours of the 2024 Paris Olympics on the platform, the most ever put on streaming. Financial terms of the agreements are not disclosed, but Verizon will likely pay a wholesale rate per subscriber to both NBCU and Netflix.

Is this a good deal for streaming fans? It depends on what they are looking for. The proliferation of streaming bundles that have popped up has made it more confusing than ever to find the best deals. Streaming platform providers like bundles because they increase subscribers and can reduce churn, and consumers like them when they can save money.

The new Peacock-Netflix Premium offer joins other discounted streaming deals from Verizon. These include several add-ons that each cost $10 per month: Netflix and Max (both with ads); the Disney Bundle (Disney+ without ads, Hulu with ads, and ESPN+); YouTube premium; and Walmart+ membership with an included Paramount+ subscription.

Meanwhile, Comcast’s StreamSaver package combines Peacock Premium (with ads), Netflix Standard with ads, and Apple TV+ for a discounted price of $15 per month. And Dish is dangling two years of Netflix for free with ads, if you sign up for a two-year deal.

There are tradeoffs with each of these bundled deals. If you’re willing to pay upfront for a full year of Peacock — which is filled with more than 80,000 hours of ad-supported NBC and Bravo shows, live sports including NFL “Sunday Night Football,” Premier League football and the Olympics – and If you find the Netflix Premium package attractive, then the latest Verizon+play deal might be a smart move. Well, at least until the 12-month promotional period ends.