AT&T is to buy Time Warner in an $85.4 billion agreement.
Ten of the leading pay-TV services in the United States have between them lost 663,000 subscribers in the second quarter of 2016.
WATCH VIDEO. AT&T plans to launch DirecTV streaming video services over a wired or wireless internet connection from any provider and from virtually any device – smartphone, tablet, smart TV, streaming media hardware or PC.
Netflix has asked the FCC to reject the upcoming merger of AT&T and DirecTV unless its competitive concerns are addressed.
AT&T has entered into an agreement to buy DIRECTV for $48.5 billion (€35.4 billion), in a stock and cash transaction for $95 per share based on Friday’s closing price.
TiVo has settled on pending litigation with AT&T, the US telco also entering into a patent licensing agreement with the next generation DVR technology provider.