DirecTV cuts 10% of workforce to combat eroding subscriber base

US pay TV platform DirecTV has informed its employees that the company is set to lay off around 10% of its workforce, which is currently around 10,000. The company, which span out of AT&T in 2021, said brunt of the cutbacks will fall on managers. In a statement to CNBC, a spokesperson said: “The entire […]

DirecTV offers discounted Discovery+ to its subscribers

Warner Bros. Discovery-backed streaming platform Discovery+ is being made available to DirecTV and DirecTV STREAM customers in the US, effective immediately. DirecTV customer will be able to access 70,000+ episodes of content via the factual-focused streamer – with the benefit of a $2 monthly discount. “At Discovery+, we know our audiences look for our content […]

DirecTV Stream to launch next week

AT&T TV and AT&T TV Now will be rebranded and repackaged as DirecTV Stream from August 26. This is the first major change for the brand since AT&T completed the spin-off of DirecTV as a standalone business with investment firm TPG earlier this month. The company said that the newly branded DirecTV Stream “will become […]

DirecTV becomes standalone business as AT&T closes deal with TPG Capital

AT&T has closed a deal with private equity firm TPG Capital to spin its struggling pay TV business DirecTV into a standalone new company. The new company, simply called DirecTV, will house and operate the DirecTV, AT&T TV and U-verse video services. Across the three, DirecTV will start life with approximately 15.4 million video subscribers. […]

AT&T to sell off Latin American Vrio pay TV unit

AT&T has reached a deal to sell off its Latin American DirecTV business unit. The company announced on Wednesday that it has agreed to sell Vrio Corp to the Argentinian investment group Grupo Werthein. The announcement comes after AT&T took a US$4.6 billion impairment charge in Q2 2021 as it had classified Vrio as ‘held-for-sale’. […]

Losses slow in premium video for AT&T

AT&T has managed to stop some of the rot in its premium video business. In a regulatory filing, the US operator said that it had lost fewer subscribers in the segment which houses beleaguered satellite TV business DirecTV. While still recording 473,000 subscriber losses, this is almost half the total of 887,000 who moved away […]

AT&T takes huge DirectTV hit as it spins-off video businesses 

AT&T has announced plans to spin-off its video businesses, including DirecTV, into a new company worth a fraction of what it paid for the troubled satellite provider. The new business, currently referred to as New DirecTV, will house DirecTV, AT&T TV, and U-Verse. AT&T will hold a 70% stake in the company, while investment firm […]

AT&T reportedly looking to sell stake in pay TV operation

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 […]

AT&T offloads DirecTV Venezuela to Chilean firm

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 […]

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