The new venture is the first Internet video streaming service launched by DirecTV Latin America. The firm, which provides satellite TV services through its Pan-American subsidiary in Venezuela, Argentina, Chile and Colombia, holds a 93 percent stake in Sky Brazil, along with a 41 percent share of Sky Mexico.

   DirecTV has been looking to compete with video-on-demand competitor Netflix, which began rolling out service to 43 countries across Latin America and the Caribbean in September. Web-based service NetMovies also provides streaming Internet video in Brazil.