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DirecTV
 Logo since August 2, 2021 | |
 | |
| Formerly | The DirecTV Group, Inc. (2004–2015) |
|---|---|
| Company type | Joint venture |
| Industry | Multichannel video programming distributor |
| Predecessor | Hughes Electronics |
| Founded | June 17, 1994 (as DirecTV) |
| Headquarters | , United States |
Areas served | United States, Latin America, the Caribbean and Europe |
| Products | Multichannel linear pay television |
| Owners | |
| Subsidiaries | |
| Website | www |
| Footnotes / references [1] | |
DirecTV, LLC is an American multichannel video programming distributor based in El Segundo, California. Originally launched on June 17, 1994, its primary service is a digital satellite service serving the United States. It also provides traditional linear television service delivered by IP through its U-verse TV brand and a virtual multichannel video programming distributor service through its DirecTV Stream brand.[2] Its primary competitors are Dish Network, traditional cable television providers, IP-based television services, and other over-the-top video services.
On July 24, 2015, after receiving approval from the Federal Communications Commission and the Department of Justice, AT&T acquired DirecTV in a transaction valued at $67.1 billion.[3][4]
As of the end of Q1 2021, AT&T had 15.9 million pay-TV customers, including DirecTV, U-Verse, and DirecTV Stream subscribers.[5] On February 25, 2021, AT&T announced that it would spin-off DirecTV, U-Verse TV, and DirecTV Stream into a separate entity, selling a 30% stake to TPG Inc., while retaining a 70% stake in the new standalone company. The deal closed on August 2, 2021.[6][7]
On September 30, 2024, AT&T announced that they would sell their remaining 70% stake to TPG Inc. for $7.6 billion. Once the transaction is completed, TPG Inc. will have 100% ownership of DirecTV, splitting the company off from AT&T for the first time since 2015. AT&T and TPG Inc. expect the sale to close in the second half of 2025.[8]
- ^ "About Us: Company Profile". DirecTV. Retrieved July 8, 2013.
- ^ "AT&T & TPG Close DirecTV Transaction". August 2, 2021. Retrieved December 29, 2021.
- ^ "AT&T Completes Acquisition of DirecTV". AT&T, Inc. July 24, 2015. Retrieved July 24, 2015.
- ^ Stelter, Brian (May 19, 2014). "AT&T and DirecTV strike $49 billion deal". CNN. Retrieved May 19, 2014.
- ^ Gurwin, Jason (April 22, 2021). "DirecTV, AT&T TV, and AT&T U-Verse Lost 620K Subscribers in Q1 2021". thestreamable.com.
- ^ Goldsmith, Jill (February 25, 2021). "WarnerMedia Parent AT&T Sells DirecTV Stake To Private Equity Firm TPG". Deadline.
- ^ Hayes, Dade (August 2, 2021). "AT&T Completes DirecTV Spinoff; Satellite Operator Unites Its Internet-Delivered Bundles Under New Brand DirecTV Stream". Deadline Hollywood.
- ^ "AT&T sells stake in DirecTV for $7.6 billion as it exits entertainment biz, as DirecTV buys Dish - CBS News". www.cbsnews.com. September 30, 2024. Retrieved September 30, 2024.
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