AT&T Promised Lower Prices After Time Warner Merger -- It's Raising Them Instead (arstechnica.com)
Less than a month after AT&T completed its $85 billion acquisition of Time Warner, the company is raising the base price of its DirecTV Now streaming service by $5 per month. This comes after promising in court that its acquisition would lover TV prices. Ars Technica reports: AT&T confirmed the price increase to Ars and said it began informing customers of the increase this past weekend. "The $5 increase will go into effect July 26 for new customers and varies for existing customers based on their billing date," an AT&T spokesperson said. The $5 increase will affect all DirecTV Now tiers except for a Spanish-language TV package, AT&T told Ars. That means the DirecTV Now packages that currently cost $35, $50, $60, and $70 a month will go up to $40, $55, $65, and $75. "To continue delivering the best possible streaming experience for both new and existing customers, we're bringing the cost of this service in line with the market -- which starts at a $40 price point," AT&T said.
In a court filing, trying to convince the Justice Department that its acquisition would be good for consumers, AT&T had this to say: "The evidence overwhelmingly showed that this merger is likely to enhance competition substantially, because it will enable the merged company to reduce prices, offer innovative video products, and compete more effectively against the increasingly powerful, vertically integrated 'FAANG' [Facebook, Apple, Amazon, Netflix, and Google] companies," AT&T told U.S. District Judge Richard Leon in the brief.
In a court filing, trying to convince the Justice Department that its acquisition would be good for consumers, AT&T had this to say: "The evidence overwhelmingly showed that this merger is likely to enhance competition substantially, because it will enable the merged company to reduce prices, offer innovative video products, and compete more effectively against the increasingly powerful, vertically integrated 'FAANG' [Facebook, Apple, Amazon, Netflix, and Google] companies," AT&T told U.S. District Judge Richard Leon in the brief.
I'm in total shock. Who could have possibly seen this coming?
Required reading for internet skeptics
I'm shocked, I tell you, shocked!
The world's burning. Moped Jesus spotted on I50. Details at 11.
AT&T Promised Lower Prices After Time Warner Merger -- It's Raising Them Instead
Our reign has gone on long enough. Indeed. Summon the meteors.
'Those who do not learn history are doomed to repeat it.'
Wash, rinse, repeat.
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I think it's more like "Youtube did it, Playstation Vue did it, so can we".
Everybody's doing it and it will be going up if they are going to keep putting their money into developing their own tv shows.
Open Source Java Web Forum with LDAP authentication
acquisition would lover TV prices
Himm... lover TV Prices... seems someone was too quick on this news!!
'enable to reduce' does not mean 'will reduce'. Stop reading what you want to see and instead read what's actually there.
Every liberal economic pundit predicted this would happen. Simple economics.
Most conservatives eagerly yearned for this merger and a conservative judge allowed it to proceed. Now they are blaming Liberals for letting the merger happen. The only question this time around is, will conservatives blame Mexico or a non-white group of people for the rise in prices. That's always what it comes down to.
https://www.independent.co.uk/news/world/americas/us-politics/corey-lewandowski-fox-news-trump-down-syndrome-border-family-separation-a8407371.html
They have to recoup all the money they paid the lobbyist and politicians.
This clear case of lying in court can have 1 of 4 results: 1-Arrest the board of directors of AT&T for perjery. Five years in prison sounds about right. 2-The Judge issues an order to undo the merger. 3-The Judge orders AT&T to drop prices by twice the increase, and keep them there for 5 years. 4-The party of the 0.01%ers can cheer small government, where small government means eliminating rules and laws that limit the ability of the rich to fleece the sheeple.
Who did not see this coming . . .
"I believe in Karma. That means I can do bad things to people all day long and I assume they deserve it." : Dogbert
Seriously, some of the best set ups is local gov running and owning the fiber, and then allowing a limited time monopoly managing it, ideally, allowing multiple providers over the fiber.
BUT, at the least, it is time to destroy the monopolies.
I prefer the "u" in honour as it seems to be missing these days.
The Trump administration (republican) predicted it and sued to stop the merger. Your Fake News didn't mention that.
Gigantic merger will enhance competition and lower prices. Climate change is a hoax. The Earth is flat. Vaccines cause autism. What's new?
Why would adding a big media comply to a big telco company change the costs of networks around the USA? Lower TV prices?
The media company has to make media.
The telco connects networks and makes a profit.
Same costs to network, same need for profit.
That best possible streaming will be HD going to 4K.
Domestic spying is now "Benign Information Gathering"
is payback for all the cord cutting. Companies like AT&T are buying more competitive players because they have the customers. I cut the cord and went Internet only with SlingTV. I couldn't be happier. No contacts with either SuddenLink or SlingTV. I went from paying $150 a month for Internet/TV/VoIP bundle to less than $100 for both. I get 400mbit down/50mbit up and 45 channels with SlingTV plus online 50hr DVR. I will never sign a contract again and get locked in. Neither SuddenLink or SlingTV require contracts.
Sorry, but your entire post is a bunch of divisive know nothing.
http://money.cnn.com/2016/04/0...
Both sides share more than enough blame here. No matter which party is in power more and more mergers like this are becoming possible.
Did you go and watch any of the Marvel Movies? Intellectual Properties that Disney purchased? Disney is silently becoming a mega merged movie and entertainment powerhouse. I bet your money is not where your mouth is and you give Disney your money. ATT is a bit different, some people only have ATT for their provider and can't do anything about it or just get no connectivity, but reading that link should tell you that your turds smell too.
Example, you can not fast forward. It makes you watch all the commercials and prevents you from skipping slow parts of shows. This isn't only when watching "live tv," but also streaming "pre recorded" programs. They also have a "cloud dvr" that can "record" programs for you to watch, but it doesn't work at all. It's worse than beta. I tries it, then cancelled my service. Even if they had lowered the cost by $5.00/month, i'd have still cancelled. Thanks DirecTV for the discounted AppleTV and the incentive to never use your services ever again... Unless there's another extremely discounted AppleTV in it.. Then I just won't install the App.
In a court filing, trying to convince the Justice Department that its acquisition would be good for consumers
Martha Stewart went to prison for this.
Have gnu, will travel.
Dear Consumers.
I understand lately you have had multiple choices from different providers, so we couldn't fuck you as hard as we wanted to because you would just switch. We're tired of this game where only one company gets to fuck you a little bit, then you switch and they get to fuck you a little bit.
Well, we're increasing the value of our offer and the quality of it. We're making sure that you don't have to worry about strange partners fucking you, or unknown STDs.
This way you're certain to be fucked by only us, and you'll know what kind of fucking you'll get, no surprises.
Even though those other companies we listed as threats actually have no control of your internet access, just in case, we made sure we fucked you first. We all know you don't forget your first fucking, and we're there all the way.
Sincerely,
AT&T.
P.S We said you would be the only one we would love. We lied, we were fucking other people while fucking you. You consumers always fall for that.
Not ten minutes after seeing this story posted I get an email from Sony telling me PlayStation VUE is going up by $5. Perhaps one of the media providers is in renegotiation.
"A person is smart. People are dumb, panicky dangerous animals and you know it." - K
if you don't like shit like this happening. It's pretty simple.
I'm not even anything but a wireless customer of theirs and this pisses me off.
I don't like them as a company to start with and had been half-heartedly looking to dump them for something cheaper. Anyone have any suggestions? All I need is wireless, nothing else, don't have or want a smartphone, just need basic cellular service and texting. Anyone have any opinions about Consumer Cellular? I know they market to senior citizens, but if they can cut my $55 a month bill in half when I barely use even 100 minutes of calling a month, then I don't care, I'd just as soon do whatever I can to dump AT&T.
I'm a right-wing and oppose anything that helps the Hollywood media establishment, including the NBC-Universal/Comcast merger.
On the other hand, liberals seemed convinced that mass illegal immigration doesn't lower wages or raise housing prices.
Unfortunately, the cuckservatives are convinced that the free market is the absolute way to go, to the point they support open borders and amnesty.
It would be great if we could have a party/group that wanted both closed borders and regulation of industry.
I guess that makes be a right-wing anti-conservative?
/. headline sez: "AT&T Promised Lower Prices After Time Warner Merger -- It's Raising Them Instead"
Yet I am unable to find the word "promise" in the quote from AT&T's filing. Someone tell me, which word in the passage below is a synonym for promise?
"The evidence overwhelmingly showed that this merger is likely to enhance competition substantially, because it will enable the merged company to reduce prices, offer innovative video products,"
"This comes after promising in court that its acquisition would lover TV prices."
The oversight body heard what they wanted to hear, which was "lower prices", when AT&T said "lover prices". And that's what happened! AT&T loved them some higher prices, so they made that happen.
Really, it's anybody's but AT&T's fault. They warned us about lovering some prices...
Got a source for that?
Search engine broken?
https://www.politico.com/story/2017/11/20/trump-lawsuit-att-time-warner-merger-250956
Nope, it still makes you racist. You could have saved everyone some time and just typed "dirty moneygrubbing Jews".
Wow, I'm shocked. Raise prices after a merger when there's now less competition. Utter shock and dismay.
I'm sure Ajit Pai will make us a rap video singing the praises of paying higher prices.
It's time these mega corps burn in hell.
They have for years and they still suck.
When competitors merger, there is only one point: MAKE MORE MONEY BY ELIMINATING COMPETITION.
Everybody knows this, but management who tend to make out like bandits with special bonus/buyout/stock option packages lie about it. Politicians (in BOTH parties) who get bought off by the corporate lobbyists, lie about it. The employees, who are usually powerless in these deals know it. The consumers, who can smell the rate hikes coming but have fewer choices after the mergers know it.
Pointing out that prices eventually rise after EVERY merger is about like saying "things fall down when you drop them". It's a real "dog bites man" story. If the 2008 Wall Street meltdown did not re-awaken the anti-trust agencies in the government, then NOTHING will. Certainly the Wall Street and auto company bailouts done by the bi-partisan actions of George W Bush and Barack H Obama taught corporate America that the establishment elements of BOTH parties would wink at ANY level of corporate crime/corruption/abuse.
He didn't though.
Is it racist now to dislike cartels full of narcissistic assholes wanting to control the narrative and force shit onto us?
Since they said the merger would lead to lower prices in a court filing, can they now be prosecuted for perjury?
Their veracity should always be called into question. This dishonest company does not deserve your business.
If the courts decision to let this happen was influenced by an outright lie, then it's back to square one and those companies should now be split and everything gets undone.
No matter what the cost to those companies, and the individuals involved.
Otherwise, what deterrent is there? A fine? Oh please, that'll do fuck all. Cause them grief, plain and simple. Demerge.
YOU like to a judge and find out if YOU stay out of prison.
Ajit Pai ring a Ma bell? Remember that this only lasted until they stopped bitching about Trump?
This was a merge a telco / television service provider and a media company. They were not competitors. If you were thinking if Time Warner Cable, the ISP, that company was split from Time Warner Media years ago and is now called Spectrum.
AT&T now owns Turner Broadcasting, but I still can't authenticate to TBS, TNT or Adult Swim with my DTVN credentials. But I'm going to be charged an extra $5/month anyhow?
Rather a shame your regulators didn't say "okay then, we'll approve the merger if you reduce all your customer's bills by 10%". You might have seen a reduction for a couple of weeks that way, at least.
I hardly watch it but my mother does. Once she's gone I'm cutting the cord for good. I'll stick to Movies/TV shows from DVD's ripped to a hard drive and played over a media player. This monopoly crap is getting old.
So much so, that we could power the entire planet for a day just from the shock factor found in this thread.
I tend to rant.
They did lower prices.
They just lowered them by a negative amount.
The judge should have asked what compete more effectively means. (Able to raise prices.)
Of course not
https://sadtrombone.com/
I am jack's complete lack of surprise...
You might want to refer to what they did as lying, but it's such a blatant lie in this case that they're really just Trumping the truth.
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Wow. Who would have thought?
The Trump administration (republican) predicted it and sued to stop the merger. Your Fake News didn't mention that.
Bzzzt! Wrong.
The Trump administration opposed the AT&T -- Time Warner merger because Time Warner owns CNN. Trump hates CNN because they aren't sympathetic to him, like Fox News is.
Fake news is a deliberate fabrication, written to deceive, confuse, or enrage (e.g., Pizzagate.) It is not the same as news with errors. It is not even the same as news written with a bias. Fake news is written by fake reporters.
Trump, on the other hand, defines fake news as anything he doesn't agree with.
Time Warner WAS both a media company and a service provider (and thus a competitor of AT&T)
First, they split-off the Time Warner ISP from the content.
Then they wait.
Then they merge with AT&T claiming they NEED to merge to be both a content provider and transporter in order to be viable.
The public and the government are not supposed to remember that they actually did previously compete. Had AT&T not merged with Time Warner, Time Warner could have re-merged with its own ISP but that would not have achieved the uniting of Time Warner with AT&T.
One of the tricks to merger&acquisition activities that are big and might stir government antitrust activity is to split up the steps and inject some time between the steps. Corruption works best when the corrupt have more patience than the watchdogs.