DirecTV (NASDAQ: DTV) is an American direct broadcast satellite service provider and broadcaster based in El Segundo, California. Its satellite service, launched on June 17, 1994, transmits digital satellite television and audio to households in the United States, Latin America, and the Anglophone Caribbean.[2][3] Its primary competitors are Dish Network and cable providers. At the end of 2010, DirecTV had 19.2 million subscribers.[4]
DirecTV has its own exclusive channel called The 101 Network. DirecTV also owns regional sports networks Root Sports Pittsburgh, Root Sports Northwest, and Root Sports Rocky Mountain/Root Sports Utah, and owns the majority of Game Show Network. DirecTV also has an exclusive 3DTV channel called n3D. DirecTV is also the exclusive U.S. rights holder to sports packages NFL Sunday Ticket, NASCAR Hot Pass, and the "DirecTV Experience", for Men's Majors Golf Tournaments and Grand Slam Tennis Tournaments.
DIRECTV, incorporated in 2009, is a provider of digital television entertainment in the United States and Latin America. The Company operates two direct-to-home (DTH), operating segments: DIRECTV U.S. and DIRECTV Latin America (DTVLA), which are engaged in acquiring, promoting, selling and/or distributing digital entertainment programming primarily via satellite to residential and commercial subscribers. It also operates three regional sports networks (RSNs) and owns a 65% interest in Game Show Network, LLC (GSN), a television network for game-related programming and Internet interactive game playing. DIRECTV Holdings LLC and its subsidiaries (referred to as DIRECTV U.S.) is a provider of DTH digital television services. DTVLA is a provider of DTH digital television services throughout Latin America. DIRECTV Sports Networks LLC and its subsidiaries (DSN) consist of three RSNs based in Seattle, Washington, Denver, Colorado and Pittsburgh, Pennsylvania, FSN Northwest, FSN Rocky Mountain and FSN Pittsburgh.
DIRECTV U.S.
Through DIRECTV U.S., the Company provides over 19.2 million subscribers with access to hundreds of channels of digital-quality video entertainment and compact disc quality audio programming that it transmits directly to subscribers' homes or businesses via high-powered geosynchronous satellites. It also provides video-on-demand (VOD), via broadband to subscribers who have connected their set-top receiver to their broadband service. It provides a collection of programming available in the MVPD industry, including over 160 national high-definition (HD), television channels and four dedicated three dimension (3D) channels. In addition, it offers VOD service, named DIRECTV CINEMA, which provides a selection of over 6,000 movie and television programs to broadband-connected subscribers. As of December 31, 2010, it provided local channel coverage in HD to markets covering over 95% of the United States television households. It also provides premium professional and collegiate sports programming, such as the NFL SUNDAY TICKET package, which allows subscribers to view the selection of NFL games available each Sunday during the regular season.
DIRECTV LATIN AMERICA
Through DTVLA, the Company provides DTH digital television services in Latin America and the Caribbean, which includes Puerto Rico. Under the DIRECTV and SKY brands, it provides a selection of digital-quality local and international programming to approximately 3.3 million subscribers in PanAmericana and approximately 2.5 million subscribers in Brazil. Its 41% owned affiliate, Sky Mexico, has more than three million subscribers in Mexico and certain countries in Central America. Including Sky Mexico, DIRECTV and Sky provide service to 8.9 million subscribers throughout the region. It owns 100% of PanAmericana (which operates principally in South America and the Caribbean, including Puerto Rico), 93% of Sky Brazil (which operates in Brazil), and 41% of Sky Mexico (which operates in Mexico, Central America and the Dominican Republic).
the Company competes with DISH Network Corporation.
DirecTV provides television and audio services to subscribers through satellite transmissions. Services include the equivalent of many local television stations, broadcast television networks, subscription television services, satellite radio services, and private video services. Subscribers have access to hundreds of channels, so its competitors are cable television service and other satellite-based services.
Most subscribers use reception antennas which are much smaller than the first generation antennas, which were typically a few yards (meters) across. Advances in antenna technology, including fractal antenna layouts, have allowed a general reduction in antenna size across all industries and applications. Receiving equipment includes a satellite dish, an integrated receiver/decoder and a DirecTV access card, which is necessary to operate the receiver/decoder.
Consumers who purchase DirecTV equipment subscribe to various packages of DirecTV programming for which the subscriber pays a monthly fee. Additional monthly fees may include a protection plan (which provides for repair or replacement of consumer leased equipment from damages caused by lightning, power surges, floods, etc.), DVR/HD access, additional receivers, and added premium packages. A subscriber also can order pay-per-view events and movies. DirecTV contracts with and pays program providers such as cable networks, motion picture distributors, sports leagues, event promoters, and other programming rights holders, for the right to distribute their programming to its subscribers. All programming distributed by DirecTV is delivered to its broadcast centers in Castle Rock, Colorado, and Los Angeles, California, where it is then digitized and compressed. The resulting signal is encrypted by DirecTV to prevent its unauthorized reception. DirecTV then transmits these signals to several satellites located in geostationary orbit.
As of December 31, 2006, DirecTV had approximately 16 million customers in the U.S., 1.4 million in Latin America through its wholly owned subsidiaries, 1.3 million through its 74% ownership of Sky Brasil Servicos Ltda., and 1.4 million though its 41% ownership of Innova, S. de R.L. de C.V. of Mexico.
2006 revenues were US$14.76 billion.
In addition to serving consumers, DirecTV offers service to bars, restaurants, hotels, dorms, and hospitals through their DirecTV for business service. The company also offered mobile service for cars, boats, and RVs (DirecTV Mobile) as well as aircraft (DirecTV Airborne) in cooperation with Connexion by Boeing.
OVERALL
Beta: 0.85
Market Cap (Mil.): $38,620.94
Shares Outstanding (Mil.): 791.57
Annual Dividend: --
Yield (%): --
FINANCIALS
DTV.O Industry Sector
P/E (TTM): 19.62 195.67 13.77
EPS (TTM): 164.33 -- --
ROI: 18.21 3.71 1.32
ROE: 161.80 6.09 2.19
Name Age Since Current Position
White, Michael 59 2010 Chairman of the Board, President, Chief Executive Officer
Doyle, Patrick 55 2008 Chief Financial Officer, Executive Vice President
Pontual, Romulo 51 2004 Executive Vice President, Chief Technology Officer
Hunter, Larry 60 2009 Executive Vice President, General Counsel
Churchill, Bruce 53 2005 Executive Vice President; President & CEO of DirecTV Latin America, LLC, President - New Ventures
Palkovic, Michael 53 2007 Executive Vice President - Operations
Bosch, Joseph 53 2010 Executive Vice President, Chief Human Resources Officer
Murphy, John 42 2007 Senior Vice President, Chief Accounting Officer, Controller
Little, J. William 41 2007 Senior Vice President - Business Development, Treasurer
Austrian, Neil 71 2003 Lead Independent Director
Lund, Peter 70 2000 Independent Director
Boyd, Ralph 54 2003 Independent Director
Lee, Charles 71 2003 Independent Director
Newcomb, Nancy 65 2006 Independent Director
DiPiazza, Samuel 60 2010 Independent Director
Norrington, Lorrie 51 2011 Independent Director
Dillon, David 59 2011 Independent Director
COMPANY ADDRESS
DirecTv
2230 East Imperial Highway
El Segundo CA 90245
DirecTV has its own exclusive channel called The 101 Network. DirecTV also owns regional sports networks Root Sports Pittsburgh, Root Sports Northwest, and Root Sports Rocky Mountain/Root Sports Utah, and owns the majority of Game Show Network. DirecTV also has an exclusive 3DTV channel called n3D. DirecTV is also the exclusive U.S. rights holder to sports packages NFL Sunday Ticket, NASCAR Hot Pass, and the "DirecTV Experience", for Men's Majors Golf Tournaments and Grand Slam Tennis Tournaments.
DIRECTV, incorporated in 2009, is a provider of digital television entertainment in the United States and Latin America. The Company operates two direct-to-home (DTH), operating segments: DIRECTV U.S. and DIRECTV Latin America (DTVLA), which are engaged in acquiring, promoting, selling and/or distributing digital entertainment programming primarily via satellite to residential and commercial subscribers. It also operates three regional sports networks (RSNs) and owns a 65% interest in Game Show Network, LLC (GSN), a television network for game-related programming and Internet interactive game playing. DIRECTV Holdings LLC and its subsidiaries (referred to as DIRECTV U.S.) is a provider of DTH digital television services. DTVLA is a provider of DTH digital television services throughout Latin America. DIRECTV Sports Networks LLC and its subsidiaries (DSN) consist of three RSNs based in Seattle, Washington, Denver, Colorado and Pittsburgh, Pennsylvania, FSN Northwest, FSN Rocky Mountain and FSN Pittsburgh.
DIRECTV U.S.
Through DIRECTV U.S., the Company provides over 19.2 million subscribers with access to hundreds of channels of digital-quality video entertainment and compact disc quality audio programming that it transmits directly to subscribers' homes or businesses via high-powered geosynchronous satellites. It also provides video-on-demand (VOD), via broadband to subscribers who have connected their set-top receiver to their broadband service. It provides a collection of programming available in the MVPD industry, including over 160 national high-definition (HD), television channels and four dedicated three dimension (3D) channels. In addition, it offers VOD service, named DIRECTV CINEMA, which provides a selection of over 6,000 movie and television programs to broadband-connected subscribers. As of December 31, 2010, it provided local channel coverage in HD to markets covering over 95% of the United States television households. It also provides premium professional and collegiate sports programming, such as the NFL SUNDAY TICKET package, which allows subscribers to view the selection of NFL games available each Sunday during the regular season.
DIRECTV LATIN AMERICA
Through DTVLA, the Company provides DTH digital television services in Latin America and the Caribbean, which includes Puerto Rico. Under the DIRECTV and SKY brands, it provides a selection of digital-quality local and international programming to approximately 3.3 million subscribers in PanAmericana and approximately 2.5 million subscribers in Brazil. Its 41% owned affiliate, Sky Mexico, has more than three million subscribers in Mexico and certain countries in Central America. Including Sky Mexico, DIRECTV and Sky provide service to 8.9 million subscribers throughout the region. It owns 100% of PanAmericana (which operates principally in South America and the Caribbean, including Puerto Rico), 93% of Sky Brazil (which operates in Brazil), and 41% of Sky Mexico (which operates in Mexico, Central America and the Dominican Republic).
the Company competes with DISH Network Corporation.
DirecTV provides television and audio services to subscribers through satellite transmissions. Services include the equivalent of many local television stations, broadcast television networks, subscription television services, satellite radio services, and private video services. Subscribers have access to hundreds of channels, so its competitors are cable television service and other satellite-based services.
Most subscribers use reception antennas which are much smaller than the first generation antennas, which were typically a few yards (meters) across. Advances in antenna technology, including fractal antenna layouts, have allowed a general reduction in antenna size across all industries and applications. Receiving equipment includes a satellite dish, an integrated receiver/decoder and a DirecTV access card, which is necessary to operate the receiver/decoder.
Consumers who purchase DirecTV equipment subscribe to various packages of DirecTV programming for which the subscriber pays a monthly fee. Additional monthly fees may include a protection plan (which provides for repair or replacement of consumer leased equipment from damages caused by lightning, power surges, floods, etc.), DVR/HD access, additional receivers, and added premium packages. A subscriber also can order pay-per-view events and movies. DirecTV contracts with and pays program providers such as cable networks, motion picture distributors, sports leagues, event promoters, and other programming rights holders, for the right to distribute their programming to its subscribers. All programming distributed by DirecTV is delivered to its broadcast centers in Castle Rock, Colorado, and Los Angeles, California, where it is then digitized and compressed. The resulting signal is encrypted by DirecTV to prevent its unauthorized reception. DirecTV then transmits these signals to several satellites located in geostationary orbit.
As of December 31, 2006, DirecTV had approximately 16 million customers in the U.S., 1.4 million in Latin America through its wholly owned subsidiaries, 1.3 million through its 74% ownership of Sky Brasil Servicos Ltda., and 1.4 million though its 41% ownership of Innova, S. de R.L. de C.V. of Mexico.
2006 revenues were US$14.76 billion.
In addition to serving consumers, DirecTV offers service to bars, restaurants, hotels, dorms, and hospitals through their DirecTV for business service. The company also offered mobile service for cars, boats, and RVs (DirecTV Mobile) as well as aircraft (DirecTV Airborne) in cooperation with Connexion by Boeing.
OVERALL
Beta: 0.85
Market Cap (Mil.): $38,620.94
Shares Outstanding (Mil.): 791.57
Annual Dividend: --
Yield (%): --
FINANCIALS
DTV.O Industry Sector
P/E (TTM): 19.62 195.67 13.77
EPS (TTM): 164.33 -- --
ROI: 18.21 3.71 1.32
ROE: 161.80 6.09 2.19
Name Age Since Current Position
White, Michael 59 2010 Chairman of the Board, President, Chief Executive Officer
Doyle, Patrick 55 2008 Chief Financial Officer, Executive Vice President
Pontual, Romulo 51 2004 Executive Vice President, Chief Technology Officer
Hunter, Larry 60 2009 Executive Vice President, General Counsel
Churchill, Bruce 53 2005 Executive Vice President; President & CEO of DirecTV Latin America, LLC, President - New Ventures
Palkovic, Michael 53 2007 Executive Vice President - Operations
Bosch, Joseph 53 2010 Executive Vice President, Chief Human Resources Officer
Murphy, John 42 2007 Senior Vice President, Chief Accounting Officer, Controller
Little, J. William 41 2007 Senior Vice President - Business Development, Treasurer
Austrian, Neil 71 2003 Lead Independent Director
Lund, Peter 70 2000 Independent Director
Boyd, Ralph 54 2003 Independent Director
Lee, Charles 71 2003 Independent Director
Newcomb, Nancy 65 2006 Independent Director
DiPiazza, Samuel 60 2010 Independent Director
Norrington, Lorrie 51 2011 Independent Director
Dillon, David 59 2011 Independent Director
COMPANY ADDRESS
DirecTv
2230 East Imperial Highway
El Segundo CA 90245