US telco AT&T is looking to sell a minority stake in its pay TV operations, spanning DirecTV, AT&T Now and U-Verse, according to a report by CNBC. According to the report, Apollo Management and other private-equity outfits are set to submit final bids for a stake in the pay TV unit in December, with a […]
A Chilean investment firm has reached an agreement with AT&T to buy DirecTV’s Venezuelan business. Scale Capital SA, whose managing partner Oliver Flogel is Telefonica Chile’s former CEO, announced the move and restored the operator’s signal on Friday, following the decision of debt-encumbered AT&T to shut down operations in May. Operating within the existing DirecTV […]
AT&T reported a depressed Q2 with sales down across all of its sectors, but premium OTT service HBO Max seems to be off to a solid start with a little more than 4 million subscribers. The streamer launched in May, and while the company did not give explicit subscriber numbers, AT&T CEO John Stankey did […]
AT&T has announced losses of over 1.2 million subscribers as the fate of DirecTV hangs in the balance with CEO Randall Stephenson saying that the company has “no sacred cows.” In its quarterly results, the company announced that it has lost 1.16 million premium TV and 195,000 AT&T NOW subscribers in the year-to-date. The company […]
WarnerMedia CEO John Stankey has refuted claims that the company is looking to sell DirecTV. Speaking to the Wall Street Journal, the CEO said that DirecTV “is an important part of what we’re going to be doing going forward”, following a report from the paper that AT&T was considering either spinning DirecTV off as its […]
Activist investor Elliott Management’s funds have invested US$3.2 billion in AT&T and called for a radical overhaul of the US telco in the interests of “value creation”, including a potential sale of DirecTV. Elliott currently said that the US telco was underperforming the S&P 500 index by over 100 percentage points at a time when […]
OTT sports disruptor DAZN is considering a bid for NFL broadcast rights, the company’s CEO has revealed. Speaking to Bloomberg, CEO Len Blavatnik said: “We’re definitely interested in looking at the NFL rights. Our strategy is to be a major player in sports rights via OTT, and the US and Canada have the highest penetration […]
AT&T’s contract dispute with Nexstar has spilled over to consumers, with 120 stations across 97 markets in the US going dark overnight for many DirecTV and AT&T U-verse subscribers. The channels, including ABC, CBS, FOX, and NBC affiliate stations, were taken off-the-air at 11:59pm, July 3 with both Nexstar and AT&T blaming the other for […]
HBO has disappeared from US pay TV operator DISH Network’s platform after the pair failed to agree on carriage terms, leading the operator to claim that the move is evidence of AT&T’s power to harm competition in the wake of its merger with Time Warner. The dispute marks the first time that the US premium […]
The top 10 US pay TV providers recorded a total net loss of over 358,000 subscribers in the second quarter, with gains for OTT TV options DirecTV Now and Sling TV only partially offsetting losses from their parent companies and the cable operators, according to Informitv’s latest Multiscreen Index. According to the latest edition of […]
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02 December 2020 @ 21:00:01 UTC
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