To receive Dream's broadcasting signals, subscribers must acquire a 55 centimetres (22 in) in diameter satellite dishantenna, an Integrated Receiver-Decoder (IRD) and a Dream Conditional Access Card (Smart Card). To provide security and protection, the satellite signals of Dream shall be encrypted using a Conditional Access System. Thus, exclusive use of Dream programs and services will only be available to Dream subscribers.
In April 1997, Dream was incorporated to the Philippine Multi-Media System, Inc. (PMSI). On February 6, 1998, the Philippine Congress passed into law Republic Act No. 8630 which granted PMSI a franchise to construct, install, maintain and operate for commercial purposes and in the public interest, television and radio broadcasting in the Philippines. The franchise term is 25 years. On February 1, 2000, The National Telecommunications Commission (NTC) granted a provisional authority to engage in Direct-To-Home (DTH) satellite services. On February 7, 2001, the PMSI inaugurates its Dream Broadcasting Center at Clark Development Center, and on April 22, 2001, the commercial launch of Dream Broadcasting System, the first DTH system in the Philippines, took place.
In 2011, Antonio Cojuangco, ownder of PMSI, has plans to sell the company. In August 2013, it was revealed that SkyCable was in the advanced stages of negotiations of acquisition of PMSI.
Dream Satellite TV filed a complaint with the National Telecommunications Commission (NTC) against Global Broadcasting and Multimedia, Inc. (G Sat) for offering A DTH service in the Philippines without a franchise and a license from Philippine authorities, namely the Philippine Congress for a broadcast franchise and the NTC for a Certificate of Public Convenience. Aside from Dream, the Lopez-owned Sky Cable Corporation also filed a similar complaint against GBMI. It argued that GBMI's illegal entry into the industry will result in the unnecessary duplication of an existing service that existing cable TV and DTH-TV service providers already adequately provide.