Hey guys, remember just a few weeks ago that under oath and in a courtroom, AT&T claimed that:
…the merger [with Time-Waarner] would raise prices. The telecomm giant wrote in its post-trial brief that the merger will “enabl[e] AT&T and Time Warner to reduce consumer prices.”
“The evidence overwhelmingly showed that this merger is likely to enhance competition substantially, because it will enable the merged company to reduce prices, offer innovative video products, and compete more effectively against the increasingly powerful, vertically integrated ‘FAANG’ [Facebook, Apple, Amazon, Netflix, and Google] companies,” AT&T told US District Judge Richard Leon in the brief.
“There is no sound evidence from which the Court could fairly conclude that retail pay-TV prices are likely to increase,” AT&T said in that same filing.
Guess what? AT&T announced that they were
going to bleed you dry are raising your bills:
AT&T is raising the base price of its DirecTV Now streaming service by $5 per month, despite promising in court that its acquisition of Time Warner Inc. would lower TV prices.
AT&T confirmed the price increase to Ars and said it began informing customers of the increase this past weekend. “The $5 increase will go into effect July 26 for new customers and varies for existing customers based on their billing date,” an AT&T spokesperson said.
The $5 increase will affect all DirecTV Now tiers except for a Spanish-language TV package, AT&T told Ars. That means the DirecTV Now packages that currently cost $35, $50, $60, and $70 a month will go up to $40, $55, $65, and $75.
But why would they do that when just a couple of weeks ago they were saying No Way to raising prices?
“To continue delivering the best possible streaming experience for both new and existing customers, we’re bringing the cost of this service in line with the market—which starts at a $40 price point,” AT&T said.
Shorter AT&T: “To give you the same level of crappy service, we have to raise your rates. Hey, don’t like it? Try one of our competitors. Oh, that’s right! THERE ARE NONE. We just bought them. “