Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

CenturyLink (CTL) To Offer Consumers Flexible OTT TV Service

Published 08/10/2017, 06:04 AM
Updated 07/09/2023, 06:31 AM

CenturyLink Inc (NYSE:CTL). (NYSE:T) is considering working with other established OTT (over the top) provider with a desire to offer its customer flexibility in how they want to watch the videos.

In fact, besides offering customers multiple video options, the company is also planning to earn revenues through reseller deals with OTT companies like Netflix, Inc. (NASDAQ:NFLX) for selling services like Hulu to their subscribers.

Already, CenturyLink is reselling AT&T Inc.’s (NYSE:T) DirecTV Now satellite services, to its customers in the markets where its own Prism TV services are not present.

In late June, the company unveiled its over the top (OTT) TV service, which is a beta version of the Virtual Multichannel Video Programming Distributor (V-MVPD) service called CenturyLink Stream.

Notably, CenturyLink Stream is supported on Roku OTT devices as well as iOS and Android mobile devices. Also it is playable on the CenturyLink player, an Android TV-powered device, manufactured by LG Electronics.

The company’s OTT TV service for $45 per month has a cloud DVR that can store up to 50 hours of HD programming. It also features a broad mix of add-on programming packages And includes almost 50 channels like NBC, ABC, USA, Disney Channel, ESPN, Freeform, Bravo, Food Network, ESPN, A&E, HGTV, Travel, and History.

Going forward, the company plans to focus on the OTT service so that it can cut content acquisition costs and simplify the customer installation process. In fact, the urge to boost its broadband subscriber base while arresting the churn rate in this segment is CenturyLink’s another motive behind the service.

Price Performance

CenturyLink’s shares have decreased 10.7% in the last three months against the industry’s growth of 1.6 %.

Stocks to Consider

This leading regional telecom service provider, currently carries Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

If you are still interested in the broader Computer and Technology sector, you may also consider Arista Networks, Inc. (NYSE:ANET) , which is a better-ranked stock from the space. The company currently sports a Zacks Rank #1, and might prove to be a better choice at the moment.

One Simple Trading Idea

Since 1988, the Zacks system has more than doubled the S&P 500 with an average gain of +25% per year. With compounding, rebalancing, and exclusive of fees, it can turn thousands into millions of dollars.

This proven stock-picking system is grounded on a single big idea that can be fortune shaping and life changing. You can apply it to your portfolio starting today.

Learn more >>



Netflix, Inc. (NFLX): Free Stock Analysis Report

Arista Networks, Inc. (ANET): Free Stock Analysis Report

AT&T Inc. (T): Free Stock Analysis Report

CenturyLink, Inc. (CTL): Free Stock Analysis Report

Original post

Zacks Investment Research

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.