Pity it's not for us, but for other companies.
"For TPG, the deal with AT&T allows the firm to get a 30 percent stake in the video business for just $1.8 billion in cash."
https://www.hollywoodreporter.com/news/att-cuts-losses-on-directv-as-wall-street-wonders-if-a-dish-merger-is-next
Oh yeah, we get to complain about DirecTV again.
The final verdict
At this point, Netflix is the better buy. Its consistent revenue and subscriber growth, steady path toward being cash flow positive next year, and resilience in the face of fierce competition are all factors making it a justified part of the FAANG gang.
AT&T, meanwhile, must spend years reducing its debt. This and its substantial dividend payouts, totaling nearly $15 billion in 2020, hamper the company's ability to invest in its business.
So for now, Netflix is the clear winner in this comparison.
"I remember listening to randall evangelize about how we're buying dtv..."
Either these clowns are outright lying or just making things up as they go along literally all the time.
It's amazing - nobody holds any of these execs accountable for anything and I have to explain why my COU line had 10mb of data overage for the month.
I remember listening to randall evangelize about how we're buying dtv because "u-verse is sub scale, we gotta get to scale in content".