(Reuters) – DirecTV (DTV.O) extended its exclusive contract to sell the Sunday Ticket package of National Football League games, and sources said the company will pay $1.5 billion a year to keep the popular offering that has helped attract subscribers.
The agreement announced on Wednesday removes a potential roadblock to AT&T Inc’s (T.N) proposed $48.5 billion purchase of the satellite TV provider. AT&T had the right to pull out of the deal if DirecTV was unable to renew its Sunday Ticket pact.
Sources familiar with the agreement said DirecTV’s annual payments to the NFL would average $1.5 billion for eight years.
For more info, please go to DirecTV NFL Sunday Ticket.