Five years after AT&T spent $49 billion to buy DirecTV, the future is cloudy for satellite TV. In 2018, the satellite TV service lost 1.2 million customers. AT&T plans to launch two new streaming services, AT&T TV and HBO Max, in the coming months. Last year, AT&T lost 674,000 subscribers to the service it now calls AT&T TV Now. Early on, AT&T also offered heavily discounted prices to new satellite TV customers, which boosted DirecTV’s totals — for a couple of years.

Source: Los Angeles Times January 31, 2020 22:09 UTC