AT&T ended the third quarter with 69.4 million global subscribers to HBO Max and HBO, up 12.5 million from a year ago and 1.9 million from the previous quarter. Total direct-to-consumer subscription revenue rose 25 per cent. AT&T is backing out of D2C, spinning off DirecTV this year, and has made a deal to sell […]
US consumers saved $2.2 billion (€1.9bn) in energy costs in 2020 thanks to a voluntary agreement between the pay-TV industry and energy efficiency advocates. The agreement, led by the Consumer Technology Association (CTA), NCTA – The Internet & Television Association and CableLabs has cut energy usage of set-top boxes by more than half in the […]
AT&T’s TV broadband products, including its NOW service, will this week change to DirecTV Stram as part of the shift to a relaunch as a standalone business under new investor TPG Capital. Most subscribers to the AT&T-branded OTT services started to receive official notifications of the change on August 14th, and warned of the name […]
Findings from Leichtman Research Group indicate that the largest pay-TV providers in the US – representing about 95 per cent of the market – lost about 1,230,000 net video subscribers in Q2 2021, compared to a pro forma net loss of about 1,505,000 in Q2 2020. The top pay-TV providers now account for about 77.6 […]
Charlie Ergen, speaking to analysts on the DISH Network post-results analysts call, again touched on the prospects for a merger between DirecTV and Ergen’s DISH, saying a combination was “inevitable”. While the question and prospects of a merger have been discussed for some time, Ergen told analysts that, as he had said before, “that those […]
US multiplay telco AT&T and TPG Capital, the private equity platform of global alternative asset firm TPG, have closed their transaction establishing a new company named DirecTV. This new company will own and operate the DirecTV, AT&T TV and U-verse video services previously owned and operated by AT&T. DirecTV had approximately 15.4 million premium video […]
AT&T is expected to close the spin-off of its DirecTV and other pay-TV operations in early August. The new division will be part-owned (30 per cent) by TPG (the former Texas Pacific Group) while AT&T holds onto 70 per cent. AT&T CFO Pascal Desroches told equity analysts during the wireless company’s Q2/2021 earnings call that […]
AT&T has told investors on that it would be selling its Latin American DirecTV unit, Vrio Corp, to Argentina-based investment company Grupo Werthein. The deal involves an impairment charge of $4.6 billion (€3.9bn). AT&T did not reveal the amount it would receive from Werthein. The purchase is likely to close early in 2022. Grupo Werthein […]
DirecTV is raising $3.1 billion (€2.6bn) of so-called ‘junk bonds’ (Senior Secured Notes) to help in its split from AT&T, according to an announcement from AT&T. The offer is for a 6-year period and the bonds will be priced on July 22nd and will come from DirecTV Entertainment Holdings. The cash will be used to […]
As the US continues to emerge and adjust to post-pandemic life, it is evident that the growth and disruption of the streaming revolution continues at pace, according to a Horowitz Research survey of content viewers nationwide. The data show that streaming now supplants MVPD services in penetration and is closing in on time spent by […]