Struggling Satellite-TV Players DirecTV And Dish Merger Could Be Finalized Soon: WSJ
Struggling Satellite-TV Players DirecTV And Dish Merger Could Be Finalized Soon: WSJ
A merger would help DirecTV and DirecTV and Dish Network are reportedly in advanced talks to merge, potentially creating the largest U.S. pay-TV provider, with around 20 million subscribers. If completed, the deal could be announced in the coming days, the Wall Street Journal reported.
據報道，DirecTV和Dish Network正在就合併進行深入談判，這有可能創建美國最大的付費電視提供商，擁有約2000萬訂閱者。據《華爾街日報》報道，如果交易完成，該交易可能會在未來幾天內宣佈。
According to Bloomberg, DirecTV, owned by AT&T Inc. (NYSE:T) and TPG Inc. (NASDAQ:TPG), will control the newly formed entity, though details are still under negotiation.
據彭博社報道，美國電話電報公司（紐約證券交易所代碼：T）和TPG Inc.（納斯達克股票代碼：TPG）旗下的DirecTV將控制這家新成立的實體，儘管細節仍在談判中。
The two companies have been steadily losing customers, with viewers opting for cheaper, more flexible streaming services such as Netflix Inc. (NASDAQ:NFLX).
兩家公司一直在穩步流失客戶，觀衆選擇了更便宜、更靈活的流媒體服務，例如Netflix公司（納斯達克股票代碼：NFLX）。
A merger would help DirecTV and EchoStar Corp. (NASDAQ:SATS), Dish's owner, better compete with streaming services while addressing Dish's rising debt levels.
合併將有助於DirecTV和Dish的所有者EchoStar Corp.（納斯達克股票代碼：SATS）更好地與流媒體服務競爭，同時解決Dish不斷上升的債務水平。
Charlie Ergen, co-founder of Dish, has long sought this combination, though regulatory concerns hindered previous merger attempts. However, shifting from traditional pay TV to streaming may change regulators' stance.
Dish的聯合創始人查理·厄爾根長期以來一直在尋求這種組合，儘管監管方面的擔憂阻礙了先前的合併嘗試。但是，從傳統的付費電視轉向流媒體可能會改變監管機構的立場。
According to the WSJ report, DirecTV currently serves about 11 million customers, while Dish has 8 million, which is down significantly from its peak a decade ago.
據《華爾街日報》報道，DirecTV目前爲約1100萬客戶提供服務，而Dish擁有800萬客戶，較十年前的峯值大幅下降。
The pay-TV industry has faced mounting challenges as viewers transition to streaming, with U.S. subscribers falling from 104 million in 2015 to less than 70 million in 2023. Both companies seek ways to cut costs and adapt to the rapidly evolving entertainment landscape.
隨着觀衆向流媒體過渡，付費電視行業面臨着越來越多的挑戰，美國訂閱人數從2015年的10400萬下降到2023年的不到7000萬。兩家公司都在尋求削減成本和適應快速變化的娛樂格局的方法。
A deal would also include Dish's streaming brand, Sling TV, offering a broader range of services under the merged entity.
協議還將包括Dish的流媒體品牌Sling TV，該品牌在合併後的實體下提供更廣泛的服務。
AT&T previously spun off DirecTV in 2021, moving it into a joint venture with TPG. The telecom giant took a $15.5 billion impairment charge in 2020 to account for subscriber losses, while Dish has shifted focus to building a wireless network, accumulating debt in the process.
At＆t此前曾在2021年分拆了DirecTV，將其轉變爲與TPG的合資企業。這家電信巨頭在2020年收取了155億美元的減值費用以彌補用戶流失，而Dish則將重點轉移到建設無線網絡上，在此過程中積累了債務。
Regulatory hurdles remain a concern, particularly in rural areas where satellite TV has been a dominant service.
監管障礙仍然令人擔憂，尤其是在衛星電視一直占主導地位的農村地區。
Price Action: At last check Friday, SATS stock was up 4.62% to $26.95 during the premarket session. T stock was up 0.18% to $21.69.
價格走勢：在週五的最後一次檢查中，SATS股票在盤前交易時段上漲4.62％，至26.95美元。t股上漲0.18％，至21.69美元。
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Image via DirecTV
圖片來自DirecTV