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AT&T to buy Quickplay video streaming service 17 May 2016

Quickplay Media, a video streaming platform that supports OTT and TV everywhere services, is being acquired by AT&T soon. This will be used along-side DIRECTV Now, DIRECTV Mobile and DIRECTV Preview. DIRECTV was acquired by AT&T in 2015 for $48.5 billion. This would compete with Dish’s Sling TV, Comcast’s Stream, and upcoming Hulu’s TV streaming service.

“Our strategy is to deliver video content however, whenever and wherever,” according to John Stankey, CEO, AT&T Entertainment Group, “Quickplay’s multitenant IP distribution infrastructure, combined with AT&T’s leading scale in IP connected end points, will allow us to host and distribute all forms of video traffic. We intend to scale and operate an industry-leading video distribution platform, and viewers will get the high-quality online video viewing experience they desire.”

Source: Techcrunch

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