This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

DirecTV Alludes to Over-the-Top Video Offering

NEW YORK ( TheStreet) -- DirecTV (DTV - Get Report) CEO Michael White said the satellite TV giant will probably launch a targeted over-the-top video offering, which will be on a smaller scale than Netflix (NFLX - Get Report) or Hulu.

White said at the Goldman Sachs Communacopia conference on Wednesday that DirecTV is considering an over-the-top product, after the company was a bidder at Hulu's recently terminated auction.

"You will probably hear more from us when we are ready talk about it," White said of DirecTV's prospective OTT offering. He said that any offering would be more targeted than Netflix or Hulu, which are both in the process of filling out their platforms with increasing cable, movie and broadcast content, in addition to a rising number of original programs.

Those comments further the notion that DirecTV will look to adapt its satellite TV platform as the media industry evolves with new technologies. White was more tight-lipped about the prospects of a possible merger with Dish Network (DISH - Get Report) to scale both firm's slow-growth platforms and potentially move into the wireless industry.

White said that while consolidation in the satellite and cable TV industries could drive a better balance of power among media distributors and creators that could drive overall consumer costs lower, the Department of Justice's strict enforcement of antitrust laws challenges the prospects of hypothetical mergers.

"I firmly believe some consolidation would be pro-consumer," White said. However, he said the current regulatory environment is a challenge to large-scale mergers. The DOJ blocked a merger between DirecTV and DISH Network about a decade ago.

Some speculate that DirecTV and DISH Network could alleviate the ire of antitrust regulators in a possible merger if they committed to deploying their wireless spectrum assets in a new offering for U.S. mobile consumers. White echoed such sentiment. However, he also called it a "pile of hypotheticals." He cited the uncertain economics of the wireless industry, in addition to the differences in DirecTV and Dish's spectrum assets as issues that could challenge a push into the wireless market.

On the capital planning front, White said DirecTV would continue to focus on share buybacks and not dividends. "You never say never," White said of a DirecTV dividend.

DirecTV shares were rising 11 cents to $60.75 in trading Wednesday.

-- Written by Antoine Gara in New York.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
AMZN $370.19 -0.51%
DTV $85.75 0.76%
DISH $69.94 -0.17%
NFLX $411.58 -1.20%
AAPL $123.80 -0.51%


DOW 17,692.98 -83.14 -0.47%
S&P 500 2,056.65 -11.24 -0.54%
NASDAQ 4,861.4070 -39.4780 -0.81%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs