Satellite TV company DirecTV, which recently re-captured a long-term resake partnership with AT&T and continues to have strong affiliations with large telcos, posted a 14 percent increase in profit to $363 million, and a 15 percent increase in revenue to $4.98 billion. The company added only 156,000 net video subscribers in the quarter, which was a slip of 35% from same quarter last year, but that drop was attributed in part to the fact that AT&T earlier this year dropped DirecTV as a resale partner, a few months before announcing a new commitment with DirecTV to begin early next year.
It has never been clear to us how long telcos will continue to rely on satellite TV partnerships, but with telcos committed to DirecTV, and more customers potentially ready to lock into money-saving triple play service bundles that include the service, things are looking up for at least one satellite TV player. DirecTV now has about 17.3 million customers nationally.
- The Wall Street Journal has this report
AT&T re-connected with DirecTV is September
AT&T told Dish Network its resale deal was done.