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DirecTV keeps NFL Sunday Ticket in $1.5 billion a year deal

(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.

A DirecTV satellite dish is seen on an apartment wall in Los Angeles, California May 18, 2014. REUTERS/Jonathan Alcorn

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.