NBCUniversal moves its streaming service Peacock inside YouTube Premium — starting in the U.S. in early 2027, in a multi-year pact that also spans YouTube TV carriage, live sports production and ad tech

Promotional art for the YouTube Premium and Peacock tie-up, with a footnote that Peacock currently streams in the U.S. only. (Image: NBCUniversal / YouTube)
NBCUniversal is moving Peacock inside YouTube’s paid subscription product. Beginning in early 2027, YouTube Premium subscribers in the U.S. will get Peacock Premium content without a price increase, accessed within the YouTube experience itself.

As direct-to-consumer growth has slowed for media companies running their own apps, the gateway to viewing time has shifted to YouTube — and legacy players are now renting distribution from the platform they had defined as a competitor. YouTube held 13.4% of total U.S. TV watch-time in April 2026, retaining the top spot on Nielsen’s Media Distributor Gauge, while streaming overall reached 47.6%. Peacock registered 1.7% in the same count. With the single largest holder of viewing time turning into a distribution window, the reach a premium content company can achieve through its own app alone has narrowed accordingly.
The companies announced the multi-year global strategic partnership on July 27. NBCUniversal described it as the largest wholesale distribution partnership Peacock has struck to date, saying the bundle will make Peacock one of the most broadly distributed premium streaming services in the U.S. The deal spans subscription bundling, channel-store retail, virtual MVPD carriage, international service distribution, live sports production and rights, advertising technology collaboration, and distribution of YouTube products on Comcast platforms.