DirecTV Agrees To Acquire Rivals Dish TV And Sling

September 30, 2024 Business, Television

Reuters reports:

DirecTV on Monday agreed to buy EchoStar’s satellite television business that includes Dish TV, capping decades of on-and-off talks to create one of the nation’s largest pay TV distributors with a combined 20 million subscribers.

The transaction comes at a time when satellite TV services DirecTV and Dish are hemorrhaging market share to competitors like Netflix and Amazon’s Prime Video, which have benefited from changing consumer habits and the rising popularity of streamed video.

DirecTV CEO Bill Morrow told Reuters the combined pay TV company would have the clout to negotiate smaller programming packages tailored to consumers’ interests.

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