directv (DTV) Key Developments
CBS Dismisses Merger Talks
Mar 2 15
Les Moonves, Chief Executive Officer, President and Director of CBS Corporation (NYSE:CBS) said on CNBC in February 2015 that CBS was "very happy being alone," and the Chief Executive Officer doubled down on that talk at the Morgan Stanley Technology, Media and Telecom conference. Moonves says his Chief Operating Officer tells him that CBS will be a $100 stock in four years, so buyers or merger partners like Time Warner Inc. (NYSE:TWX) or Viacom, Inc. (NasdaqGS:VIAB) would have to pay "a very high price." CBS faces new negotiations with DIRECTV (NasdaqGS:DTV) and Cablevision Systems Corporation (NYSE:CVC) at the end of 2015.
DIRECTV Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014
Feb 19 15
DIRECTV reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported revenues of $8,922 million against $8,594 million a year ago. Operating profit was $1,255 million against $1,333 million a year ago. Income before income tax was $1,116 million against $1,227 million a year ago. Net income attributable to company was $778 million against $810 million a year ago. Diluted earnings were $1.53 per share against $1.53 per share a year ago. Purchase of property and equipment was $269 million against $310 million a year ago.
For the year, the company reported revenues of $33,260 million against $31,754 million a year ago. Operating profit was $5,128 million against $5,150 million a year ago. Income before income tax was $4,448 million against $4,488 million a year ago. Net income attributable to company was $2,756 million against $2,859 million a year ago. Diluted earnings were $5.40 per share against $5.17 per share a year ago. Net cash provided by operating activities was $6,369 against $6,394 million a year ago. Purchase of property and equipment was $2,940 million against $3,409 million a year ago. Adjusted OPBDA was $8,417 million against $8,144 million a year ago. Adjusted operating profit was $5,474 million against $5,316 million a year ago. Adjusted net income attributable to company was $3,102 million against $2,995 million a year ago. Adjusted diluted earnings were $6.08 per share against $5.42 per share a year ago.
DIRECTV, Q4 2014 Earnings Call, Feb 19, 2015
Jan 29 15
DIRECTV, Q4 2014 Earnings Call, Feb 19, 2015
DIRECTV and The Walt Disney Company Sign on Multi-Year Distribution Agreement
Dec 23 14
The Walt Disney Company and DIRECTV announced a wide-ranging, multi-year distribution agreement that will provide DIRECTV customers with access to Disney’s robust lineup of top quality sports, news, kids and entertainment content across televisions, computers, smart phones, tablets, gaming consoles and other connected devices. The renewal agreement supports the companies mutual goal to deliver the best video content to customers across multiple platforms by strengthening the value of the multichannel video subscription. DIRECTV customers will be able to access the live linear feeds and video-on-demand content from all ESPN and Disney cable networks and ABC owned and operated TV stations in and out of the home on the authenticated WATCH services including WatchESPN, WATCH Disney Channel, WATCH Disney XD, WATCH Disney Junior, WATCH ABC Family and WATCH ABC using Internet-enabled devices in early 2015 and soon via the DIRECTV Everywhere app on iOS and Android phones and tablets, and directv.com. Other new services to be introduced as part of the deal include Fusion, Longhorn Network, ESPN Goal Line and ESPN Buzzer Beater. DIRECTV customers will also be able to utilize expanded viewing functionality on select content across Disney/ESPN/ABC channels, and will have access to ESPN’s live multi-screen sports network, ESPN3, and SEC Network’s digital platform, SEC Network +. The companies will also explore new opportunities with respect to potential over-the-top offerings. Continuing services covered by the broad scope of this multi-year agreement include: ABC Family, Disney Channel, Disney Junior, Disney XD, ESPN, ESPN2, ESPNU, ESPN Deportes, ESPNEWS and SEC Network. In addition, ESPN Classic will be reintroduced as a video-on-demand service. The companies also renewed carriage agreement for ABC’s eight owned local stations, including WABC-TV in New York City, KABC-TV in Los Angeles, WLS-TV in Chicago, WPVI-TV in Philadelphia, KGO-TV in San Francisco, WTVD-TV in Raleigh-Durham, KTRK-TV in Houston, and KFSN in Fresno.
DIRECTV Introduces Yaveo, a New Spanish-Language over-the-Top Streaming Entertainment Experience
Dec 22 14
DIRECTV introduced Yaveo, a Spanish-language over-the-top streaming entertainment service available to anyone in the U.S. with an Internet connection (first on PCs, MACs and Android devices, closely followed by iPhone, iPad, Xbox 360, and other devices). The service is $7.99 a month, with the first month free, and neither a DIRECTV satellite subscription nor a contract will be required. Yaveo customers will access thousands of hours of programming including exclusive and hard-to-find content from the U.S., Latin America and Spain, the latest On Demand movies, as well as popular TV shows, children’s programming, novelas, music and documentaries. Customers will also have the ability to stream live sports and entertainment channels such as beIN Sports en Español, Cine Sony Television and ¡Hola! TV with more to be added soon.