Verizon is offering customers who sign up for Peacock a free one-year subscription to Netflix Premium, the streaming leader's most expensive plan.

The bundle, through the telecom giant’s “+play” hub, saves customers more than $275. It’s the first time Netflix and Peacock have been bundled by Verizon, which has been a key distribution partner for Disney and other streaming players in recent years.

The promotion begins today and will run for a limited time. Peacock’s involvement in the package is timed to coincide with the Paris Olympics, which begin later this month. Every event in the Games will be broadcast on Peacock. The NBCUniversal service’s Premium subscription tier, which is the entry-level, ad-supported service, is the tier eligible for the Netflix offering.

Last year, Verizon extended an offer where customers could watch Netflix for free for a year if they signed up for another streaming service.