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DirecTV to acquire Dish Network, Sling TV for $1

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DirecTV to acquire Dish Network, Sling TV for

Satellite TV provider DirecTV has agreed to buy longtime competitor Dish Network, throwing a lifeline to the troubled Colorado-based broadcaster that helped pioneer the industry.

The proposed consolidation, announced early Monday, highlights the challenges facing traditional television. DirecTV agreed to assume Dish’s net debt and pay just $1 for Dish’s satellite TV business and streaming service Sling TV — a startling admission about the fading prospects of the once prominent satellite television provider and its Englewood, Colo.-based parent, EchoStar Communications.

The deal is expected to unfold in two separate transactions. Private equity firm TPG plans to acquire AT&T’s majority stake in DirecTV, giving TPG full ownership of the El Segundo-based company.

Separately, DirecTV agreed to assume $9.9 billion of Dish’s debt at the close of the EchoStar transaction. The proposed takeover, structured as a debt exchange, would allow DirecTV to boost its subscriber count with Dish’s more than 8 million homes. DirecTV currently has about 10 million subscribers for its namesake service and U-Verse.

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“We think this is the right deal for consumers,” DirecTV Chief Executive Bill Morrow said in an interview. “We think [satellite TV] has a greater life and a greater value than most people realize.”

The deal includes arrangements for EchoStar to quickly receive a $2.5-billion loan so it can restructure debt. The cash infusion is designed to help EchoStar and its billionaire chairman Charlie Ergen meet a looming debt payment and continue efforts to build a wireless phone service, branded as Boost Mobile.

Ergen, the 71-year-old maverick who co-launched EchoStar in 1980 when he and his wife sold satellite dishes door to door, would exit the television business. That would mark a significant milestone as Ergen helped Dish leap to life in 1996 — two years after DirecTV launched its nationwide service.

The Dish-DirecTV consolidation is expected to face regulatory scrutiny.

In 2002, the Federal Communications Commission thwarted the companies’ first stab at a union. The FCC ruled a marriage of DirecTV, then owned by Hughes Electronics Corp., and EchoStar’s Dish Network, would choke competition by shrinking the field of satellite TV providers from two companies to just one. At the time, satellite TV was a leading option for residents of rural communities that lacked cable.

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The business has changed dramatically since then. Tech giants Netflix, Amazon Prime Video and Google’s YouTube TV have gobbled up a huge part of the television distribution business, and both Dish and DirecTV have been bleeding customers. The two firms have lost more than 60% of their customer base since 2016.

“There’s more competition than ever. It’s not just cable TV and satellite TV anymore,” Morrow said. “We are the ones in the minority; we’re the ones that are dropping like flies.”

The regulatory review is expected to take about a year, the companies said.

“It’s hard to imagine that regulators would block a deal,” telecommunications industry analyst Craig Moffett wrote in a recent email. “Better to have one than none.”

Ergen’s company has been staggering under a heavy debt load. Negotiations with lenders to restructure its payments broke down this summer, EchoStar said in a recent filing.

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The company faces a $1.98-billion payment in mid-November, which prompted some analysts to predict that a bankruptcy was imminent.

EchoStar had just $521 million available in late June. In the second quarter, the company sustained steep declines in revenue and traditional TV customers. The Sling TV business, however, showed improvement.

EchoStar shares have gained ground in recent weeks amid rumors of a deal with DirecTV. Shares closed Friday at $28.04, up 9%.

“This agreement is in the best interests of EchoStar’s customers, shareholders, bondholders, employees, and partners,” Hamid Akhavan, EchoStar chief executive, said in a statement announcing the deal. “We expect Dish and DirecTV bondholders to benefit from two companies with stronger financial profiles and more sustainable capital structures.”

TPG, which currently owns 30% of DirecTV, will cover the bulk of the $2.5-billion loan to EchoStar. TPG’s Angelo Gordon division will handle the financing.

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AT&T is expected to exit its ownership stake of DirecTV in the second half of next year, bringing to a close its disastrous foray in the entertainment business.

AT&T bought DirecTV in 2015 for about $67 billion, including debt, and then presided over an unraveling of the business.

In 2021, AT&T spun off DirecTV and U-Verse into a stand-alone company, and brought in TPG as managing partner.

The Dallas phone giant separately also sold Warner Bros. Discovery in 2022 for $43 billion — half the amount AT&T paid in 2018 to become a player in Hollywood. The company since has been focused on its wireless business.

The Dish Network and Sling TV businesses are carrying about $11.5 billion in debt.

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“We don’t think the value is there to carry that [much debt],” Morrow said. “There’s virtually no equity in the company.”

While DirecTV agreed to absorb nearly $10 billion of Dish debt, that component is conditional on bondholders accepting less than Dish’s current obligations. The goal, according to Morrow, is to reduce Dish’s debt by $1.6 billion, making it a more manageable load.

The deal is also subject to regulatory approval.

“It’s hard to argue that a merger shouldn’t happen; it clearly should,” Moffett said. “Consolidation during a period of secular decline is always to be expected.”

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Movie Reviews

‘Michael’ Review: A Perfect Puzzle With Major Missing Pieces

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‘Michael’ Review: A Perfect Puzzle With Major Missing Pieces
Lionsgate

SPOILER NOTICE:

The following movie review does not contains direct spoilers for the film Michael, however general information in regards to the plot, characters, key climax points, biographical information and themes explored in the film will be heavily discussed. Please read at your own discretion, or after seeing the film in theaters.

There have been, so far, four films that aim to depict some portion of the beautifully tragic life of late pop music pioneer Michael Jackson, otherwise known to the world as The King Of Pop.

You’ve got The Jacksons: An American Dream, the near-perfect 1992 ABC miniseries that gave MJ, his brothers and verbally abusive father Joe Jackson equal screen time in order to make for a proper origin story. Then there’s Man in the Mirror: The Michael Jackson Story, an abysmal 2004 VH1 TV movie that acts as a spiritual sequel yet truly should’ve never been made. Almost a decade ago we got Michael Jackson: Searching for Neverland, the 2017 Lifetime Network attempt to cover his final years of life, told from the perspective of two bodyguards employed by him for merely two-and-a-half years.

Today (April 24), the world finally gets to see Michael. The 2026 true-to-form biopic boasts the biggest budget compared to the previous three projects, distribution handled by the renowned Lionsgate Films, a director’s chair occupied by Antoine Fuqua (Training Day, Brooklyn’s Finest) and MJ’s own nephew, Jaafar Jackson, starring in the titular role alongside a glowing supporting cast that includes Colman Domingo (Rustin), Nia Long (Love Jones), Miles Teller (Divergent) and Larenz Tate (Menace II Society) just to name a few. Not to mention, it’s got full backing from The Jacksons family and 100% musical clearance to assure his biggest hits are heard on the big screen.

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With all that said, you might be expecting a masterpiece that borrows the best aspects from the original and rights the wrongs of the last two. Unfortunately, that’s not the case when it comes to Michael. Thankfully though, there’s so much more to love about this film in addition to a very strong potential for more.

Yes folks, we may very well be getting the first-ever sequel to a biopic sometime in the near future.

RELATED: You, Me & Tuscany Review – Sappy, Sweet, C+ Rom-Com

Before we get ahead of ourselves by discussing a potential sequel, let’s first start off with what you get out of Michael. The film covers Joe’s formation of The Jackson 5 in 1966 and ends with MJ’s iconic 1988 Wembley Stadium stop on the Bad Tour. The filler in-between covers their Chitlin’ Circuit days, the Motown era, run-ins with Gladys Knight and The Pips, finding his voice with Off The Wall, the epic creation of Thriller, the Motown 25 NBC special and the infamous Pepsi burning incident. Each of these scenes are done with great detail and a passion from all involved to get it as close to the real-life moments. However, what’s missing stands out like a sore thumb.

Both Rebbie and Janet are nowhere to be found — they each requested their likeness not be depicted — and neither is MJ’s longtime muse, Diana Ross. It was reported that actress Kat Graham was actually casted in the part, only to later have her scenes cut completely due to legalities. Off The Wall also gets painted as his solo debut of sorts, completely ignoring the four successful solo albums that preceded it when he was just a preteen. Also, while it’s perfectly clear who the movie is about based on the title, it does feel a bit off to see the closest people in his life demoted to barely-speaking supporting characters, save for Domingo’s powerful portrayal as mean ol’ Joe, Long as the ever-caring Mrs. Katherine and longtime bodyguard Bill Bray played by KeiLyn Durrel Jones.

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On the positive side, Michael ultimately does more good than confusion. Jaafar is simply captivating when it comes to embodying his late superstar uncle, nailing everything from those easily-recognizable voice inflections to the classic dance moves. The film ends in 1988, right before MJ invests in Neverland Ranch, so don’t expect the heavy topic of his acquitted child sexual abuse allegations from 1993 and 2003 to be brought up either — well, yet anyway.

If in fact a “Jackson” sequel is in the works, we can only hope his full story is told with care, respect and most importantly the truth. Other important aspects we’d hope to see be depicted include an honest look at his vitiligo journey, the toll he suffered mentally as a result of the trials, the marriage, the kids, the dichotomy of balancing unprecedented riches against a substantial amount of debt and, yes, the prescription drug abuse that ultimately ended his life.

Overall, for everything Michael lacks there is something just as good to love about the film, and the potential for a sequel gives us hope that the best is still yet to come.

Watch the trailer for Michael below, and see for yourselves how The King Of Pop’s story began as his latest biopic hits theaters starting today:

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Stagecoach 2026: How to watch Friday’s livestream with Cody Johnson, Ella Langley, Bailey Zimmerman

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Stagecoach 2026: How to watch Friday’s livestream with Cody Johnson, Ella Langley, Bailey Zimmerman

Choosin’ to stay home instead of trekking out to Indio for this weekend’s Stagecoach festival? Don’t worry, you’ll be able to listen to all the country music your heart desires. You can get your country heartbreak on with Ella Langley, Bailey Zimmerman and Cody Johnson, and then rock out with Counting Crows. If you prefer EDM, you can catch Diplo and Dillstradamus (Dillon Francis and Flosstradamus) as Friday’s closing acts.

The festival will be livestreamed on Amazon Music, Amazon Prime Video and Twitch beginning at 3 p.m. On Sirius XM’s The Highway (channel 56), you can listen to exclusive interviews and live performances along with a special edition of the Music Row Happy Hour. The station Y’Allternative will also be covering the festival on Friday evening.

Here are updated set times for the Stagecoach livestream Friday performances (times presented are PDT):

Channel 1

3:05 p.m. Noah Rinker; 3:25 p.m.; Adrien Nunez; 4 p.m. Ole 60; 4:25 p.m. Avery Anna; 5 p.m. Chase Rice; 5:55 p.m. Nate Smith; 6:50 p.m. Ella Langeley; 7:50 p.m. Bailey Zimmerman; 8:55 p.m. the Red Clay Strays; 10 p.m. Cody Johnson; 11:30 p.m. Diplo

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Channel 2

3:05 p.m. Neon Union; 3:25 p.m. Larkin Poe; 4 p.m. Marcus King Band; 4:50 p.m. Lyle Lovett; 5:35 p.m. BigXthaPlug; 6:30 p.m. Noah Cyrus; 7 p.m. Wynonna Judd; 8 p.m. Counting Crows; 8:50 p.m. Sam Barber; 10 p.m. Dan + Shay; 10:45 p.m. Diplo featuring Juicy J; 11:05 p.m. Rebecca Black; 11:45 p.m. Dillstradamus

Sirius XM Music Row Happy Hour

1 p.m. Avery Anna; 2 p.m. Nate Smith; 2:30 p.m. Josh Ross; 3 p.m. Cody Johnson; 3:30 p.m. Gabriella Rose; 5:15 p.m. Nate Smith; 7:50 p.m. Bailey Zimmerman; 9:30 p.m. Cody Johnson; 11 p.m. Diplo

Sirius XM Y’Allternative

5 p.m. Ole 60; 6 p.m. Larkin Poe; 7 p.m. Marcus King Band; 8 p.m. Sam Barber

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Movie Review: The Mortuary Assistant – HorrorFuel.com: Reviews, Ratings and Where to Watch the Best Horror Movies & TV Shows

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Movie Review: The Mortuary Assistant – HorrorFuel.com: Reviews, Ratings and Where to Watch the Best Horror Movies & TV Shows

Forget the “video game movie” curse; The Mortuary Assistant is a bone-chilling triumph that stands entirely on its own two feet. Starring Willa Holland (Arrow) as Rebecca Owens, the film follows a newly certified mortician whose “overtime shift” quickly devolves into a grueling battle for her soul.

What Makes It Work

The film expertly balances the stomach-churning procedural work of embalming with a spiraling demonic nightmare. Alongside a mysterious mentor played by Paul Sparks (Boardwalk Empire), Rebecca is forced to confront both ancient evils and her own buried traumas. And boy, does she have a lot of them.

Thanks to a full-scale, practical River Fields Mortuary set, the film drips with realism, like you can almost smell the rot and bloat of the bodies through the screen.

The skin effects are hauntingly accurate. The way the flesh moves during surgical scenes is so visceral. I’ve seen a lot of flesh wounds in horror films and in real life, and the bodies, skin, and organs. The Mortuary Assistant (especially in the opening scene) looks so real that I skipped supper after watching it. And that’s saying something. Your girl likes to eat.

Co-written by the game’s creator, Brian Clarke, the movie dives deeper into the demonic mythology. Whether you’ve seen every ending or don’t know a scalpel from a trocar, the story is perfectly self-contained. If you’ve never played the game, or played it a hundred times, the film works equally well, which is hard to do when it comes to game adaptations.

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Nailed It

This film does a lot of things right, but the isolation of the night shift is suffocating. Between the darkness of the hallways and the “residents” that refuse to stay still, the film delivers a relentlessly immersive experience. And thankfully, although this movie is filled with dark rooms and shadows, it’s easy to see every little thing. Don’t you hate it when a movie is so dark that you can’t see what’s happening? It’s one of my pet peeves.

The oh-so-awesome Jeremiah Kipp directs the film and has made something absolutely nightmare-inducing. Kipp recently joined us for an interview, took us inside the film, discussed its details and the game’s lore, and so much more. I urge you to check out our interview. He’s awesome!

The Verdict

This isn’t just a cash-grab; it’s a high-effort adaptation that respects the source material while elevating the horror genre. With incredible special effects and a powerhouse cast, it’s the kind of movie that will make you rethink working late ever again. Dropping on Friday the 13th, this is a must-watch for horror fans. It’s grisly, intelligent, and genuinely terrifying.

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