We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
DISH Network: Stock Up on Sling TV's Deal Renewal with Zee
Read MoreHide Full Article
DISH Network Corp.’s Internet TV service – Sling TV – announced the renewal of a long-term agreement with Asia TV USA, Ltd., a leading provider of South Asian programming and part of India’s “Zee” group.
Notably, following Sling TV’s deal with Zee, shares of DISH Network rallied nearly 6% in yesterday’s trading session.
Inside the Headlines
Along with the renewal of 10 Zee channels offered on Sling TV and DISH Network, the fresh deal entails the inclusion of 27 Zee channels such as &TV, Living Foodz, Zee Bangla, Zee Cinema HD, to name a few.
Per the agreement, Sling TV and DISH Network will be the exclusive U.S. providers of Zee’s premium on-demand library, which comprise movies and over 400 common video titles. Also, Zee is expected to shift viewers from its direct-to-consumer services to Sling TV or to authenticated access only.
Notably, the new channels will cater to a range of languages, including Arabic, Bengali, Tamil, Portuguese and Spanish.
Rationale Behind
Through this deal, DISH Network aims to offer South Asian content in the U.S., thereby reaching out to a wider audience and broadening its customer base.
Also, the company intends to provide customers with a more efficient system to access both linear and on-demand content.
Bottom Line
Internet TV is increasingly gaining market traction in the U.S. Of late, the legacy pay-TV industry in the country has been facing severe competition from online video streaming service providers. The low-cost over-the-top video streaming service has resulted in massive cord cutting, threatening the pay-TV business model. Internet TV has thus emerged as a strong alternative to pay-TV.
Evidently, DISH Network’s Sling TV has helped the company check churn and minimize losses in its pay-TV business. However, Sling TV faces intense competition from Comcast Corp.’s (CMCSA - Free Report) Internet TV service, Watchable, and Verizon Communications Inc.’s (VZ - Free Report) Internet-based mobile video service – Go90. AT&T, Inc. (T - Free Report) , too, has joined the streaming TV bandwagon with plans in place to launch the service by the end of 2016.
Nonetheless, we believe that the deal extension with Zee will boost Sling TV’s popularity, adding to the company’s top line and also strengthening its competitive position against rivals.
DISH Network currently has a Zacks Rank #3 (Hold).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
See More Zacks Research for These Tickers
Pick one free report - opportunity may be withdrawn at any time
Image: Bigstock
DISH Network: Stock Up on Sling TV's Deal Renewal with Zee
DISH Network Corp.’s Internet TV service – Sling TV – announced the renewal of a long-term agreement with Asia TV USA, Ltd., a leading provider of South Asian programming and part of India’s “Zee” group.
Notably, following Sling TV’s deal with Zee, shares of DISH Network rallied nearly 6% in yesterday’s trading session.
Inside the Headlines
Along with the renewal of 10 Zee channels offered on Sling TV and DISH Network, the fresh deal entails the inclusion of 27 Zee channels such as &TV, Living Foodz, Zee Bangla, Zee Cinema HD, to name a few.
Per the agreement, Sling TV and DISH Network will be the exclusive U.S. providers of Zee’s premium on-demand library, which comprise movies and over 400 common video titles. Also, Zee is expected to shift viewers from its direct-to-consumer services to Sling TV or to authenticated access only.
Notably, the new channels will cater to a range of languages, including Arabic, Bengali, Tamil, Portuguese and Spanish.
Rationale Behind
Through this deal, DISH Network aims to offer South Asian content in the U.S., thereby reaching out to a wider audience and broadening its customer base.
Also, the company intends to provide customers with a more efficient system to access both linear and on-demand content.
Bottom Line
Internet TV is increasingly gaining market traction in the U.S. Of late, the legacy pay-TV industry in the country has been facing severe competition from online video streaming service providers. The low-cost over-the-top video streaming service has resulted in massive cord cutting, threatening the pay-TV business model. Internet TV has thus emerged as a strong alternative to pay-TV.
Evidently, DISH Network’s Sling TV has helped the company check churn and minimize losses in its pay-TV business. However, Sling TV faces intense competition from Comcast Corp.’s (CMCSA - Free Report) Internet TV service, Watchable, and Verizon Communications Inc.’s (VZ - Free Report) Internet-based mobile video service – Go90. AT&T, Inc. (T - Free Report) , too, has joined the streaming TV bandwagon with plans in place to launch the service by the end of 2016.
Nonetheless, we believe that the deal extension with Zee will boost Sling TV’s popularity, adding to the company’s top line and also strengthening its competitive position against rivals.
DISH Network currently has a Zacks Rank #3 (Hold).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>