Costco Members Might Not Need to Pay for Netflix Anymore

Costco Members Might Not Need to Pay for Netflix Anymore

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Lisa Freedman
Oct 12, 2018
(Image credit: Lisa Diederich)

We don't want to spread rumors or anything (because we don't have much info right now) but we hear that Costco is looking at offering an on-demand streaming service. The idea is that it'd be available to members (possibly only those with the $120 Gold Star Executive Membership) and would allow people to watch TV shows and/or movies instantly without having to buy or download anything on the spot.

(Image credit: Mike Mozart under CC BY 2.0)

"Costco Wholesale had preliminary discussions over the past few months about offering a video streaming service as a perk for its top-tier customers, according to three people with direct knowledge of the discussions," The Information reported.

Apparently, the retailer spoke to at least two existing streaming services about possibly teaming up. "Talks with one of the providers broke down when the two companies couldn't agree on the terms of the deal," an insider told the tech-focused news site. "It is unclear whether Costco is still exploring offering a streaming service."

Costco has dipped its corporate little toe into the subscription-streaming waters before: Last December, the retailer had a brief promo for a movie-streaming service, Fandor. So this seems like something that could happen.

For what it's worth, we hope this does end up happening. We've long weighed the cost-versus-benefit factors between a Costco membership and Amazon Prime. At $120 and $119, respectively, a free Costco streaming service could help level the playing field and make that Executive Membership even more desirable. Then there's Netflix, which can cost up to $168 a year, depending on your plan. (And that fee doesn't even get you access to groceries! Ooo, unless one of the services Costco is talking to is Netflix! We don't know!) If Costco offers streaming, you could potentially get that membership and cut some other monthly bills.

Related: Should You Get a Costco Membership?

If you're a frequent bulk shopper, Costco would probably make sense. (Think of all that popcorn you could get for your next binge session!) It's worth noting that Costco also offers free two-day shipping.

Of course, not only do we not know if this is actually happening, we also don't know what sort of programming would be available, should it come to fruition. While we wait to hear, we'll just keep our fingers for all the cooking shows.

Fun fact: You don't need a Costco membership to shop the store. You can get all sorts of Costco goodies through Instacart!

What do you think? Would it make a Costco membership more appealing to you if the retailer offered streaming services? Discuss!

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