DirecTV
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. Its primary competitors are Dish Network, traditional cable television providers, IP-based television services, and other over-the-top video services.
Logo since August 2, 2021 | |
| Formerly | The DirecTV Group, Inc. (2005–2015) |
|---|---|
| Company type | Joint venture |
Traded as | Nasdaq: DTV |
| 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 | U-verse TV DirecTV Stream |
| Website | www |
| Footnotes / references | |
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.
As of the end of Q1 2021, AT&T had 15.9 million pay-TV customers, including DirecTV, U-Verse, and DirecTV Stream subscribers.
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.