"Oh I'm sure of that. We have at this early stage, somewhere between six and eight million high definition sets already in circulation in the country. It is predicted that number will double by the end of next year."
And will reach 40 million by the end of 2006. But The Voom service requires a 750 dollar investment in hardware. That's higher than what rivals DirecTV and Dish Networks charge. They have far fewer HD channels available so far... and Dolan argues content is the key. There's plenty of skepticism on Wall Street about the venture that has cost half a billion dollars so far. About that, Dolan says...
"That's understandable and there's nothing new about it. Thirty some years ago we started a cable system in Manhattan... and everybody was skeptical then."
Dolan isn't saying how many subscribers the venture needs to make money. The service is being sold around the country, so far, in Sears stores. Bloomberg Boot Camp, I'm Fred Fishkin.