News Formal

Satellite merger: DirecTV buys rival Dish and Sling

  • 📰 FOX10Phoenix
  • ⏱ Reading Time:
  • 21 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 36%
  • Publisher: 68%

Consumer Nyheter

News,Entertainment,Us

DirecTV will pay $1 and assume $9.75B worth of debt to buy Dish and Sling.

DirecTV announced Monday that they are buying EchoStar’s video distribution business, including Dish TV and Sling TV, as the company seeks to better compete against streaming services that have become dominant.On Sept. 30, DirecTV said they would acquire the services through a debt exchange transaction that includes a payment of $1, plus the assumption of approximately $9.8 billion in debt.

It's hoping this will appeal to those who have left satellite video services for streaming. The company said that combined, DirecTV and Dish have collectively lost 63% of their satellite customers since 2016.As subscription prices for traditional satellite TV increased and the desire for on-demand viewing surged, more households began to cut the cord from traditional satellite providers.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 83. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

DirecTV will buy rival Dish to create massive pay-TV company after yearslong pursuitSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Källa: BreitbartNews - 🏆 610. / 51 Läs mer »