Matt Strauss

materially add more marketing value, or remember, we're the home for all the Universal movies. And so when Twisters or Wicked goes into theaters, we're the next stop after the premium transactional window. We're the exclusive home for all the next day NBC programming. We're the exclusive home for the Bravo programming.

materially add more marketing value, or remember, we're the home for all the Universal movies. And so when Twisters or Wicked goes into theaters, we're the next stop after the premium transactional window. We're the exclusive home for all the next day NBC programming. We're the exclusive home for the Bravo programming.

materially add more marketing value, or remember, we're the home for all the Universal movies. And so when Twisters or Wicked goes into theaters, we're the next stop after the premium transactional window. We're the exclusive home for all the next day NBC programming. We're the exclusive home for the Bravo programming.

Well, you probably heard this, and this is something that's funny because a lot of people don't believe this, but some of the most contentious negotiations happen internally. Yeah, of course. You know, and it's— Families make the hardest. Yeah, and sometimes it's counterintuitive to people, but the short answer is yes. I mean, look, we have profit participants. We have to negotiate.

Well, you probably heard this, and this is something that's funny because a lot of people don't believe this, but some of the most contentious negotiations happen internally. Yeah, of course. You know, and it's— Families make the hardest. Yeah, and sometimes it's counterintuitive to people, but the short answer is yes. I mean, look, we have profit participants. We have to negotiate.

Well, you probably heard this, and this is something that's funny because a lot of people don't believe this, but some of the most contentious negotiations happen internally. Yeah, of course. You know, and it's— Families make the hardest. Yeah, and sometimes it's counterintuitive to people, but the short answer is yes. I mean, look, we have profit participants. We have to negotiate.

keep negotiations at arm's length. And in many cases, our content and the price of our content is being set by the market. We don't exclusively license every single piece of content on Peacock. I mentioned our movies. Our movies, we are the first window, but then there's a pay one A and then there's a pay one B. And so there are other third parties that our teams license their content to.

keep negotiations at arm's length. And in many cases, our content and the price of our content is being set by the market. We don't exclusively license every single piece of content on Peacock. I mentioned our movies. Our movies, we are the first window, but then there's a pay one A and then there's a pay one B. And so there are other third parties that our teams license their content to.

keep negotiations at arm's length. And in many cases, our content and the price of our content is being set by the market. We don't exclusively license every single piece of content on Peacock. I mentioned our movies. Our movies, we are the first window, but then there's a pay one A and then there's a pay one B. And so there are other third parties that our teams license their content to.

And so it establishes market dynamics that we then need to negotiate again. So we are paying our fair share when it comes to programming. And even in the case of the NBC Next Day programming, that content was available before on another streaming service.

And so it establishes market dynamics that we then need to negotiate again. So we are paying our fair share when it comes to programming. And even in the case of the NBC Next Day programming, that content was available before on another streaming service.

And so it establishes market dynamics that we then need to negotiate again. So we are paying our fair share when it comes to programming. And even in the case of the NBC Next Day programming, that content was available before on another streaming service.

And so there was a set value that was already ascribed to it that we essentially had to step into if we then wanted to migrate that content onto Peacock, which we did. And so my only point was, as a company,

And so there was a set value that was already ascribed to it that we essentially had to step into if we then wanted to migrate that content onto Peacock, which we did. And so my only point was, as a company,

And so there was a set value that was already ascribed to it that we essentially had to step into if we then wanted to migrate that content onto Peacock, which we did. And so my only point was, as a company,

We made the decision that we wanted Peacock to be the home for our content, which meant that we were going to also have to put our money where our mouth is, so to speak, and make the investment to allow us to claw back that programming. And we've been doing that. But by doing that, it also continues to tether us directly into other parts of the company in a very positive way.

We made the decision that we wanted Peacock to be the home for our content, which meant that we were going to also have to put our money where our mouth is, so to speak, and make the investment to allow us to claw back that programming. And we've been doing that. But by doing that, it also continues to tether us directly into other parts of the company in a very positive way.

We made the decision that we wanted Peacock to be the home for our content, which meant that we were going to also have to put our money where our mouth is, so to speak, and make the investment to allow us to claw back that programming. And we've been doing that. But by doing that, it also continues to tether us directly into other parts of the company in a very positive way.

Because, again, we're all working together to continue to achieve these collective goals around Peacock.

Because, again, we're all working together to continue to achieve these collective goals around Peacock.