Updates on an Emerging Web TV Market
Apple plans to price its Web TV service at $30–$40 per month. HBO Now, an Internet streaming service, is $15 per month, and Netflix provides its video streaming service for $7.99–$11.99 per month.
During its 1Q15 earnings call, Dish stated that it would focus on Sling-TV’s $20 price point and add genre tiers to retain its content flexibility.
On June 23, the FCC announced that it started its review of the proposed merger of Time Warner Cable with Charter Communications, valued at $78.7 billion.
The FCC fined AT&T $100 million for concealing facts about its unlimited wireless data plans. The FCC claimed that AT&T sold unlimited data plans, but capped data speeds after customers used 5 GB of data per billing cycle.
The FCC’s net neutrality rules ban ISPs or wireless service providers from blocking or slowing down Internet traffic, or from providing priority delivery of traffic for certain content providers.
A merger between AT&T and DIRECTV would also allow AT&T to bundle broadband Internet access and voice services with DIRECTV’s video services.
Comcast is the largest pay-TV provider in the US, with ~22.4 million video subscribers at the end of 1Q15. Its market capitalization as of June 23 was $153.1 billion.
Dish announced its results for 1Q15 on May 11. The company reported revenues of $3.7 billion for the first quarter, compared with $3.6 billion for 1Q14.
T-Mobile has invested heavily in the expansion of its 4G LTE network, with a capital expenditure of $982 million in 1Q15—up from $947 million in the same quarter last year.
The merger discussions between Dish Network and T-Mobile are in the formative stages, and the details of the impending deal have not yet been worked out.
On Thursday, July 2, Baker Hughes (BHI) disclosed the US rig count at 12 PM. WTI crude oil fell 0.14% to $57.42 following the news.
In the week ending July 2, 2015, the US offshore rig count rose by one to 29—compared to the previous week. They’re more expensive than onshore wells.
During the week ending July 2, 2015, the US land-based, or onshore, rig count rose by two from the previous week’s count. Last week, there were 833 onshore rigs.
According to oil service company Baker Hughes (BHI), the horizontal rig count rose by three in the week ending July 2, 2015—the first rise in eight months.
Currently, there are 640 working oil rigs in the US. The Permian Basin has 231 of the rigs. Its oil rig count rose by one in the week ending July 2.
For the week ending July 2, among the key shale rigs, crude oil rigs rose by three in the Eagle Ford Shale and two in the Williston Basin.
In the US, there were 219 natural gas rigs operating in the week ending July 2—nine less than the previous week. Rigs fell by 109 since the beginning of the year.
Baker Hughes (BHI) reported that the weekly US crude oil rig count rose by 12, from 628 to 640, in the week ending July 2—the first rise in 29 weeks.
In the week ending July 2, the US rig count rose by 12 active crude oil rigs—partially offset by a fall of nine natural gas rigs.
According to Baker Hughes, there were 862 active oil and gas rigs in the US in the week ending July 2—three more than the previous week ending June 26.
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