DirecTV has officiallyspun out from underAT&T , cementing a separation that was first announced in February and elucidate a path forward for the satellite television companionship to steep all of AT&T ’s streaming assets .
The deal was executed byAT&Tin collaboration with TPG Capital , the individual equity arm of planetary asset firm TPG , and comessix yearsafter AT&T acquired DirecTV for $ 67 billion .
Under the banner of its new product , DirecTV Stream , DirecTV will bring together all video recording streaming services previously launched by AT&T , with the notable exception of WarnerMedia ’s HBO Max cyclosis platform and regional sport meshing , both of which are subject to a pending WarnerMedia - Discovery deal . The breakup deal will see DirecTV double down on its consignment to orbiter customers and sports fans , with DirecTV Stream retaining the exclusive right to the popular cyclosis entity NFL Sunday Ticket .
Image: DIRECTV
As you might recall , AT&T tried the cyclosis military service thing without much achiever . DirecTV Now , AT&T Now , and AT&T TV all sniff upon launch . AT&T television receiver is now part of DirecTV , though it ’s undecipherable whether DirecTV Stream will be a completely revamp intersection or just a renamed one . There is also no pricing information yet .
In a statement at the clip , AT&T CEO John Stankey articulate that the decision to create a standalone company “ align with our investment and in operation focus on connectivity and content , and the strategic business sector that are key to growing our client relationships across 5 G radio receiver , fibre and HBO Max . ”
“ As the pay - video industriousness continues to evolve , forming a new entity with TPG to manoeuver the U.S. video business singly offer the flexibility and consecrated management centering needed to go on meet the pauperism of a high - quality client base and managing the business organisation for profitability , ” Stankey state . “ TPG is the correct collaborator for this transaction and make a new entity is the veracious fashion to social organization and care the video business enterprise for optimum time value world . ”
AT&T will retain a 70 % ownership interest of the new company , with TPG keep 30 % .
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