CrimsonRock

CrimsonRock

Share this post

CrimsonRock
CrimsonRock
On The Rock
Copy link
Facebook
Email
Notes
More

On The Rock

Top Themes of the Week

CrimsonRock's avatar
CrimsonRock
Dec 11, 2023
∙ Paid
3

Share this post

CrimsonRock
CrimsonRock
On The Rock
Copy link
Facebook
Email
Notes
More
Share

Recent headlines have underscored significant pricing shifts in the media and broadcast landscape. Brace yourselves—more price increases might be looming. However, customers are becoming increasingly sensitive to these rises, given the plethora of hikes they've already faced.

Comcast CMCSA 0.00%↑ is reportedly gearing up for TV and Internet price hikes as early as Dec 18:

  • TV service: +$6/month

  • Broadcast TV fees: +$4/month

  • Regional sports fees: +$1/month

  • Bundles of premium channels: +$2-4/month

  • Internet prices: +$4/month across all packages

  • Home protection fees: +$5/month

Commencing in January, Comcast plans to affect subscription prices, impacting its 32.2 million users. The company cites soaring programming costs as the primary impetus, while focusing on cost management and broadband network investments.

$CMCSA

T-Mobile TMUS 0.00%↑ is also contemplating Internet price hikes. At the UBS Global TMT Conference, CEO Mike Sievert hinted at potential rate adjustments over the coming year, aiming to augment business value—signaling a probable price hike.

$TMUS

Verizon VZ 0.00%↑ introduced a five-year price lock guarantee for its 5G Home Internet services for a limited period. In contrast to the industry norm of two-year price locks, Verizon's offering extends to five years but exclusively for new customers. The deal concludes on Jan 17, 2024.


AI Innovation

OpenAI faces new challengers. Google's GOOGL 0.00%↑ Gemini LLM is outperforming GPT-3.5 and even GPT-4 in some benchmarks.

Sundar Pichai, chief executive officer of Alphabet Inc., during the Google I/O Developers Conference in Mountain View, California, US, on Wednesday, May 10, 2023. Google introduced a new large language model, used for training artificial intelligence tools like chatbots, known as PaLM 2, and said it has already woven it into many of the internet search company's marquee products. Photographer: David Paul Morris/Bloomberg via Getty Images
Gemini will be available for licensing through Google Cloud starting December 17th

Meanwhile, an "AI Alliance" led by IBM and Meta aims to democratize AI research and challenge the dominance of established players. This group will focus on open-source development and collaboration.

Robots shaking hands on a blue background.
IBM, Meta form “AI Alliance” with 50 organizations to promote open source AI

Meta META 0.00%↑ continues to make waves in the AI space. Their "Imagine with Meta" platform allows users to create images with just a natural language description.

img-4-450x457
"Imagine with Meta"

Meta AI, the company's virtual assistant, has received new features, including "reimagine" and support for Reels. Additionally, Meta's AI characters are now fully launched in the US, allowing users to interact with them on WhatsApp, Messenger, and Instagram.

Trade Idea of the Week

This post is for paid subscribers

Already a paid subscriber? Sign in
© 2025 CrimsonRock LLC
Market data by Intrinio
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share

Copy link
Facebook
Email
Notes
More