It was the Goldman Sachs presentation, basic highlights from my rough notes...
DIRECTV is disciplined in how we operate.
Content price is the problem for VOD, don't want to undermine syndication market etc …
More VOD, Movies etc 4th quarter.
Don't undermine syndication market.
Consumers want to see more things on the go , TV on the go is what we are working on…
Charlie / Dish has a different approach from what we have, DIRECTV needs to be a different place from your cable company etc… differentiated product to make it compelling product.
We have 97% of country covered with telcos , Whether dsl or fiber.
expand on this.
Longterm – aquire spectrum build out a network, look for ways to partner, partnering with Verizon in Pennsylvania as a test.
Not much spectrum for sell, had to get into that like the cellphone providers.
We will partner with anyone if there is a business model.
Churn rate tied in to economy.
Pleased with progress, highest arpa in industry.
3rd qtr is excellent, good ST response.
Tough environment for consumer products, DIRECTV has performed well.
We have historically had 2 million ST subs, marketed it free to new consumers gives us a bigger pool for next year, and get them hooked on it. Offered stuff to present subs also…
DIRECTV has HDGUI coming in 4th quarter,
Arpa Should be up for 4th quarter, some softness In ads, ppv on ipad etc looking good.
Will be more careful on discounting.
Advanced product sales are high for 3rd qtr. Media home center launch in 4th qtr.
Have historically had low programming costs, programming costs are rising over the inflation rates etc.
Growth & content costs will be up next year also, no one is immune to this.
TV Everywhere digital rights are complex, ST, HBO GO etc own their own content, we are working on more content.
Launch of Media Center 4th quarter will drive up connected home costs.
We need to get better on the upscale consumer and lower end consumer services, make things a la carte for the low end etc.
Then went on to Latin America information …