DirecTV satellite TV provider subsidiary Sky Brazil is set to launch an over-the-top (OTT) Internet TV service called Sky Online, the company announced.

   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.