DirecTV

DIRECTV, LLC
FormerlyThe DirecTV Group, Inc. (2004–2015)
Company typeJoint venture
Nasdaq: DTV
IndustryMultichannel video programming distributor
PredecessorHughes Electronics
FoundedJune 17, 1994 (1994-06-17) (as DirecTV)
Headquarters,
United States
Areas served
United States, Latin America, the Caribbean and Europe
Productsmultichannel linear pay television
Owners
SubsidiariesU-verse TV
DirecTV Stream
Websitewww.directv.com
Footnotes / references
[1]

DirecTV, LLC (trademarked as DIRECTV) 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 MVPD 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]

  1. ^ "About Us: Company Profile". DirecTV. Retrieved July 8, 2013.
  2. ^ "AT&T & TPG Close DIRECTV Transaction". August 2, 2021. Retrieved December 29, 2021.
  3. ^ "AT&T Completes Acquisition of DirecTV". AT&T, Inc. July 24, 2015. Retrieved July 24, 2015.
  4. ^ Stelter, Brian (May 19, 2014). "AT&T and DirecTV strike $49 billion deal". CNN. Retrieved May 19, 2014.
  5. ^ Gurwin, Jason (April 22, 2021). "DirecTV, AT&T TV, and AT&T U-Verse Lost 620K Subscribers in Q1 2021". thestreamable.com.
  6. ^ Goldsmith, Jill (February 25, 2021). "WarnerMedia Parent AT&T Sells DirecTV Stake To Private Equity Firm TPG". Deadline.
  7. ^ Hayes, Dade (August 2, 2021). "AT&T Completes DirecTV Spinoff; Satellite Operator Unites Its Internet-Delivered Bundles Under New Brand DirecTV Stream". Deadline Hollywood.