DirecTV Now Majority Owned by John Malone
March 1, 2008 by Zach Flauaus
Filed under Electronics
A while back, talk of John Malone and his company, Liberty Media, started to grow as they were going to purchase the majority stock of DirecTV from its previous owner, Rupert Murdoch and News Corp. Well, the day has finally come and Malone can finally roll around in all the air that is freed up by his $12 billion purchase of 41% of DirecTV. His first order of business? Making sure that the company’s main goal is video, which, conveniently, is the main business of DirecTV.
What does this mean for you, the people on the other end of the spectrum watching the content? Well, hopefully we’ll see more HD channels be launched (maybe actually hitting that 100 channel goal?). Another goal Liberty Media has said is that they want to go full blown with video-on-demand and have movies “pushed” to a customer’s DVR for instant playback which psuedo-VOD, but we’ll take what we can get.
