Apple One plus Peacock bundle: I paid and nothing happened

My existing Peacock subscription expired, and since I’m already an Apple One subscriber, I figured the bundle would be a good deal.

Using the Apple TV app on my iPad, I signed up and confirmed payment. The app gave me a button to open Peacock, which I did.

Peacock does not show any active subscriptions for me. The Peacock app also banner that implies I have more than one Peacock account — which I don’t. (I tried to sign in to Peacock on the web with my Apple ID and Peacock said my username was not found.)

So what’s going on here? I can see in my Settings app that Apple believes I am paying for a Peacock subscription, but Peacock doesn’t seem to know that.