logo
Share SHARE
FONT-SIZE Plus   Neg

Bloomberg: Dish Network Set To Launch Internet-TV Service This Summer

Satellite television operator Dish Network Corp. (DISH) is set to launch Internet television service in the U.S. this summer before September, according to a Bloomberg report on Tuesday. Dish is reportedly looking to offer an internet streaming service with all of cable TV's best content at a subscription rate between $20 and $30 per month.

This will allow subscribers to watch live-streaming cable channels on smartphones and tablets instead of seeing it on traditional television sets. Dish is reportedly targeting younger audience aged between 18 and 34 years with this service.

Englewood, Colorado-based Dish, the second-largest U.S. satellite-TV operator, has already struck a long-term, wide-ranging agreement with entertainment and media giant Walt Disney Co. (DIS) for content in early March, which includes the right to stream video, live and on demand on Internet. The deal gives Dish access to content from Disney-owned channels such as ABC, the Disney Channel and ESPN.

After striking the deal with Disney, Dish has also initiated talks for a similar deal with major content providers such as Comcast Corp.'s (CMCSA) NBCUniversal, A&E Television Networks LLC, Time Warner Inc.'s Turner Broadcasting and CBS Corp. (CBS) for Internet-TV.

It has reportedly made strong progress to secure rights to broadcast NBC channels, including USA network, Bravo and E!.

The ever growing consumer demand for online video content is largely untapped by major companies. However, several larger networks have a couple of conditions for a deal to go through.

Bloomberg reveals that the companies require that at least two of the four major broadcast networks such as ABC, CBS, Fox or NBC, should be included in the service, and that ten of the highest-rated cable networks also be a part of the package.

According to a Business Insider report, Dish Network is said to be partnering with startup Artemis Networks LLC to make cellphone Internet 1,000 times faster than 4G.

The start-up in mid-February unveiled pCell technology that ushers in a new era to mobile, where a ubiquitous fiber-class broadband experience will be delivered at all times to standard LTE
mobile devices that is far more faster and cost effective,

pCell is currently in trials with partners in San Francisco and will be ready for first commercial deployment in one market at the end of 2014, expanding to major markets in the US, Asia and Europe starting in 2015.

DISH closed Tuesday's regular trading session at $59.42, down $0.55 or 0.92% on a volume of 1.61 million shares.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
The air travel industry has always struggled to earn a good reputation for customer service, but frankly, there are several issues related to customer satisfaction that are beyond the control of airlines. Security issues and airlines' dependence on the volatile fuel market are challenging issues that... Changyou.com Ltd. (CYOU) Monday reported first quarter net income attributable to Changyou.com of $30 million, down from $32 million in the prior year. Adjusted net income was $35 million. The online games developer noted that its first quarter was impacted by currency fluctuations. On average, five... Dutch consumer electronics giant Philips Electronics NV reported Monday significantly higher earnings in its first quarter as sales were boosted by higher volume. Looking ahead, the company said its outlook for 2017 remains unchanged as it expects further operational improvements and comparable sales growth in the year to be back-end loaded.
comments powered by Disqus
Follow RTT