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AT&T acquired DirecTV
- On July 24, 2015, after receiving approval from the Federal Communications Commission and the Department of Justice, AT&T acquired DirecTV in a transaction valued at $67.1 billion. As of the end of Q1 2021, AT&T had 15.9 million pay-TV customers, including DirecTV, U-Verse, and DirecTV Stream subscribers.
en.wikipedia.org/wiki/DirecTV
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DirecTV, LLC is an American multichannel video programming distributor based in El Segundo, California. Originally launched on June 17, 1994, its primary service is a digital satellite service serving the United States.
Aug 3, 2021 · AT&T announced earlier this year that it would spin its video properties DirecTV, AT&T TV, and U-verse into a new company it would co-manage with private equity firm TPG Capital.
- Catie Keck
Aug 2, 2021 · DirecTV's spinoff from AT&T is now official. After first being announced in February, on Monday afternoon DirecTV announced that it has completed the transaction which will see the telecom...
- AT&T’s Massive Customer Losses
- AT&T Offloading Time Warner, Too
- DIRECTV and AT&T to Separately Focus on Strengths
In one period of just over four years, AT&T lost more than 9.5 million customers from its Premium TV services division, which includes DirecTV satellite, U-verse wireline video, and the newer AT&T TV online service. The category decreased from over 25 million subscribers in Q1 2017 to 15.4 million halfway through 2021. AT&T continually raised price...
AT&T is separately spinning off WarnerMedia, as previously reported, admitting failure in its other giant merger. AT&T bought Time Warner for $85 billion ($109 billion including debt) in 2018 and now has a pending deal to combine WarnerMedia and Discovery's assets into a "standalone global entertainment company." AT&T expects to receive $43 billion...
In its first announcement after the spinoff, the DirecTV standalone company said the new operational structure will work better than the AT&T-managed one. "This is a watershed moment for DirecTV as we return to a singular focus on providing a stellar video experience," DirecTV CEO Bill Morrow said. (Morrow's LinkedIn profilesays he "is known for hi...
Feb 5, 2024 · DirectTV and Cox Media have agreed to a new multi-year deal that restores all affected channels for DirectTV, DirectTV Steam, and U-verse customers. The channels on cable or streaming TV are there because of business deals, and when those fall through, it can mean outages for customers.
- Arol Wright
- Senior Author
Aug 2, 2021 · Six years after AT&T swallowed DirecTV with ambitious plans to modernize the satellite TV business, the telephone company has retreated, returning DirecTV to its roots as a stand-alone company.
Sep 3, 2024 · What’s happened? On Sunday, Disney’s ABC affiliates and cable channels disappeared from DirecTV services because the company couldn’t come to a carriage agreement with DirecTV.
