dish network corp-a (DISH) Key Developments
Dish Delivers Netflix and New Vevo App
Apr 14 15
Dish enhanced its whole-home entertainment offerings with the expansion of Netflix to its Joey clients and the arrival of Vevo on its award-winning Hopper platform. Following the launch of the Netflix app on its second-generation Hopper DVR in December, DISH began making the Internet television network available on Hopper’s accompanying Joey units for second, third and fourth-room viewing. With this update, DISH becomes the first major U.S. pay-TV provider to offer its customers a whole-home Netflix experience. DISH’s second-generation Hopper customers should expect to see the Netflix app on connected Joey clients, including Joey, Super Joey and Wireless Joey, within the coming weeks. The Vevo app on Hopper gives viewers access to a library of more than 140,000 HD music videos that can be discovered by browsing categories like genre, top videos and artists, live videos, premiers and staff picks. Users can also access Vevo TV to watch music videos playing 24/7 on three different channels " popular hits, country, and rap and R&B. The app will additionally rollout to DISH’s first-generation Hopper, as well as to all Joey clients later this year, allowing customers whole-home access to Vevo entertainment. Both the Netflix and Vevo apps are easily accessible from any DISH channel by clicking the blue button on the remote control.
Dish Expands Smart Home Services to Amazon Customers Nationwide
Mar 30 15
Dish Network Corp. expanded the availability of its Smart Home Services home entertainment installation to Amazon customers nationwide, coinciding with the launch of Amazon’s Home Services marketplace. The platform, which rolled out this morning, provides Amazon customers the ability to compare offers from service providers across multiple industries including home entertainment installation from DISH Smart Home Services. DISH teamed up with Amazon during the platform’s development as a national service provider installing TV, audio and in-home wireless networks in select markets as Amazon prepared to launch the new service offering nationwide. As customers explore qualifying products, the option to view available installation offers from DISH and other reputable service providers will appear. With just three clicks, customers can add installation to their purchase and schedule a convenient appointment.
Dish May Acquire T-Mobile
Feb 25 15
Dish Network Corp. (NasdaqGS:DISH) may acquire T-Mobile US, Inc. (NYSE:TMUS) from Deutsche Telekom AG (DB:DTE).
DISH Network Corporation Announces Executive Changes, Effective March 31, 2015
Feb 23 15
On February 23, 2015, DISH Network Corporation announced the retirement of Mr. Joseph P. Clayton, president and chief executive officer, effective March 31, 2015, and the appointment of Mr. Charles W. Ergen as president and chief executive officer, effective March 31, 2015, succeeding Mr. Clayton. Mr. Clayton will also retire from the board of directors, effective March 31, 2015. Mr. Ergen, age 61, serves as DISH Network's executive chairman and has been chairman of the board of directors since its formation. During the past five years, Mr. Ergen has held various executive officer and director positions with DISH Network and its subsidiaries including the position of president and chief executive officer from time to time.
Dish Network Corp. Announces Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014
Feb 23 15
Dish Network Corp. announced consolidated earnings results for the fourth quarter and full year ended December 31, 2014. The company reported 2014 total revenue of $14.6 billion compared to $13.9 billion in 2013, an increase of 5.3%. Net income attributable to the company increased 17.0% to $945 million from $807 million in 2013. Diluted earnings per share were $2.04 in 2014, compared with $1.76 in 2013. Operating income was $1.8 billion compared with $1.3 billion a year ago. Income before income taxes was $1.2 billion compared with $1.14 billion a year ago. Income from continuing operations was $0.93 billion or $2.04 per diluted share compared with $0.84 billion or $1.86 per diluted share a year ago. Net cash flows from operating activities from continuing operations was $2.4 billion compared with $2.3 billion a year ago. Purchase of property and equipment was $1.2 billion compared with $1.3 billion a year ago. Adjusted EBITDA was $2.8 billion compared with $2.8 billion a year ago. Income from continuing operations attributable to the company was $0.95 billion compared with $0.85 billion a year ago.
For the quarter, the company's revenue was $3.6 billion compared with $3.5 billion a year ago. Income from continuing operations was $0.41 billion compared with $0.29 billion a year ago. Net income attributable to the company was $0.41 billion compared with $0.29 billion a year ago. Adjusted EBITDA was $0.81 billion compared with $0.89 billion a year ago.