AT&T and TPG finally close their sale.

[savarese04]

Looks like its finally done. By my estimate, accounting for revenues during full ownership and JV periods, AT&T lost about $10B off the 2015 purchase price. Insane.

DIRECTV Has Been Sold As AT&T Exits The Satellite TV Service | Cord Cutters News

In a significant move to streamline its operations and focus on core telecommunications and 5G expansion, AT&T Inc. announced today the successful closure of its previously disclosed transaction to sell its entire remaining 70% stake in DIRECTV to TPG Capital, the U.S. and European private...

cordcuttersnews.com

 

[John2021]

One of the worst mergers in history!!! Att should have never been allowed to buy dtv!!! They f**king destroyed dtv!!!

 

[John2021]

I am also curious why tgp has so much interest in a failing company

 

[John2021]

Looks like its finally done. By my estimate, accounting for revenues during full ownership and JV periods, AT&T lost about $10B off the 2015 purchase price. Insane.

DIRECTV Has Been Sold As AT&T Exits The Satellite TV Service | Cord Cutters News

In a significant move to streamline its operations and focus on core telecommunications and 5G expansion, AT&T Inc. announced today the successful closure of its previously disclosed transaction to sell its entire remaining 70% stake in DIRECTV to TPG Capital, the U.S. and European private...

cordcuttersnews.com

Att lost so much money they had there asses handed to em and they deserved it!!!

 

["MysteryMan"]

Good Riddance AT&T, the company that turns gold into lead!

 

[Bruce]

Good Riddance AT&T, the company that turns gold into lead!

I do not believe anyone else could of done better with DirecTV, the purchase happened right before cord cutting became big, hit all of the Traditional Providers.

Look at Dish, same people who has already ran and continue to run the business, yet went from 14 Million Satellite Subscribers to about 5 Million, could bankrupt any day now ( I am expecting they are waiting till the 2nd quarter report before they do so).

Comcast has lost about half of their video subscribers, Cox is getting out while their company has better value, Charter has lost a bunch also.

 

["MysteryMan"]

I do not believe anyone else could of done better with DirecTV, the purchase happened right before cord cutting became big, hit all of the Traditional Providers.

Look at Dish, same people who has already ran and continue to run the business, yet went from 14 Million Satellite Subscribers to about 5 Million, could bankrupt any day now ( I am expecting they are waiting till the 2nd quarter report before they do so).

Comcast has lost about half of their video subscribers, Cox is getting out while their company has better value, Charter has lost a bunch also.

True, but I still believe DIRECTV would have done better if AT&T didn't purchase it.

 

[John2021]

True, but I still believe DIRECTV would have done better if AT&T didn't purchase it.

DTV was amazing before AT&T purchased it once AT&T purchased it it went to utter sh*t makes me wonder how they treated there uverse customers since they knew sh*t about the media business ...

 

[John2021]

I wonder if another merger will happen between the both of them but under different terms

 

[John2021]

Good Riddance AT&T, the company that turns gold into lead!

completely agree!!! though for some odd reason there wireless service csr's are amazing and problems are taken care of as they should be now on the the dtv side it's an utter disaster. ATT should have stuck to there bread and butter fiber and wireless!!! unfortunately AT&T wireless out performs verizon in my area

 

[John2021]

I do not believe anyone else could of done better with DirecTV, the purchase happened right before cord cutting became big, hit all of the Traditional Providers.

Look at Dish, same people who has already ran and continue to run the business, yet went from 14 Million Satellite Subscribers to about 5 Million, could bankrupt any day now ( I am expecting they are waiting till the 2nd quarter report before they do so).

Comcast has lost about half of their video subscribers, Cox is getting out while their company has better value, Charter has lost a bunch also.

Two rocks could have ran dtv better than AT&T!!! and cox see's whats going on and there getting the hell out of it while they can and there company has a better value. dish made one of it's debt payments but there still teetering on a bk!!! all of this will be interesting to see how it plays out. i heard that tgp has an intrest in dish or has had one in dish for a while though just pure speculation..

 

[John2021]

Even though we have a zero balance for a year our bill didn't generate yet though it should have. wonders if this has something to do with them moving the bills off the AT&T billing system... A rep told us that we would be getting a bill that states this bill is from DTV only..

 

[Juan]

Two rocks could have ran dtv better than AT&T!!! and cox see's whats going on and there getting the hell out of it while they can and there company has a better value. dish made one of it's debt payments but there still teetering on a bk!!! all of this will be interesting to see how it plays out. i heard that tgp has an intrest in dish or has had one in dish for a while though just pure speculation..

Satellite tv is dying or better yet it will soon be in the same content category as AM radio..its gonna be a niche product

 

[Bruce]

Satellite tv is dying or better yet it will soon be in the same content category as AM radio..its gonna be a niche product

It cannot afford to exist as a niche product, mostly because of costs to design/build/launch satellites, maintaining services, plus the costs of designing/building new boxes.

When you do not have enough subscribers to offset those costs, prices go up, more people leave because of that.

 

[Tom Speer]

It cannot afford to exist as a niche product, mostly because of costs to design/build/launch satellites, maintaining services, plus the costs of designing/building new boxes.

When you do not have enough subscribers to offset those costs, prices go up, more people leave because of that.

DIRECTV is not designing or building any new satellites. It is not designing/building new boxes for the satellites, it has plenty on hand.

 

[Juan]

It cannot afford to exist as a niche product, mostly because of costs to design/build/launch satellites, maintaining services, plus the costs of designing/building new boxes.

When you do not have enough subscribers to offset those costs, prices go up, more people leave because of that.

You seem to forget satellite TV is still very profitable...streaming not so much

 

[meStevo]

You seem to forget satellite TV is still very profitable...streaming not so much

Streaming is still in transition, with multiple profitable services, while others morph and grow to work to achieve / understand viability as self-serving or partnerships to deliver content. Many failures and mergers ahead, but it's already profitable and there's no question it is both the present and future of content delivery.

Satellite TV and many other traditional pay TV services are still waiting to find the bottom, trying to get a feel what what will be sustainable and what the new normal will become as they bleed out. ATT just hopped on at the worst possible time and was just DirecTV's escort for the rapid decline - rather than the cause. Don't think there was much they could do to avoid the current state of the industry and DirecTV's business.

 

[Jimbo]

Streaming is still in transition, with multiple profitable services, while others morph and grow to work to achieve / understand viability as self-serving or partnerships to deliver content. Many failures and mergers ahead, but it's already profitable and there's no question it is both the present and future of content delivery.

Satellite TV and many other traditional pay TV services are still waiting to find the bottom, trying to get a feel what what will be sustainable and what the new normal will become as they bleed out. ATT just hopped on at the worst possible time and was just DirecTV's escort for the rapid decline - rather than the cause. Don't think there was much they could do to avoid the current state of the industry and DirecTV's business.

I agree ...
D* was not doing all that Great Before ATT took over.

 

[Bruce]

DIRECTV is not designing or building any new satellites.

I know that, why do so for a product that is slowly dying.

It is not designing/building new boxes for the satellites, it has plenty on hand.

That is for sure.

 

[Scott Greczkowski]

I have been contacted by a few DIRECTV retailers letting me know they have not been paid this month.

When they asked DIRECTV about this they were told they were overpaid last year so their payments are being withheld. When they asked for proof of this they were told that DIRECTV does not have access to the old billing system.

To me this is concerning, and just wondering if any other DIRECTV retailer has had this issue.