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For new members, Walmart is discounting its Walmart+ membership by 50 percent, bundling in an option for either Peacock Premium or Paramount+ Essential. This promotion brings the initial year's cost to $49, a reduction from the standard $98 rate.

Opting for Peacock Premium maximizes the savings, as that service alone typically costs $110 annually. Pairing it with the discounted Walmart+ essentially halves the expense for your streaming access over the next 12 months.

New Walmart+ members receive this 50 percent reduction on the subscription.

Over the past year, prominent streaming platforms such as HBO Max, Disney+, Netflix, Apple TV, and YouTube TV have all increased their fees, making cord-cutting less budget-friendly than before. Deals like this one provide meaningful relief amid rising costs.

Beyond streaming perks, Walmart+ delivers various advantages, including priority entry to Black Friday promotions, complimentary shipping for purchases exceeding $35, reduced fuel prices, complimentary virtual pet healthcare, and other features. This year, members gained early purchase rights for the Nintendo Switch 2 at Walmart locations. The free shipping also applies to the company's drone delivery service available in certain urban areas.