DirecTV: Difference between revisions

In September 1996, Hughes purchased 70% of [[PanAmSat]] for $3&nbsp;billion.<ref>{{cite news|last=Lander|first=Mark|url=https://www.nytimes.com/1996/09/20/business/hughes-deal-for-panamsat-is-reported-to-be-complete.html|title=Hughes Deal For Panamsat Is Reported To Be Complete|newspaper=The New York Times|date=September 20, 1996}}</ref> In 1997, GM spun off Delco Electronics from Hughes and transferred it to [[Delphi Automotive Systems]].<ref>{{cite web|url=http://history.gmheritagecenter.com/wiki/index.php/Delco_Electronics_Corporation |title=Delco Electronics Corporation |last=Bowman|first=Bill|publisher=GM Heritage Center }}</ref> That same year, Hughes Aircraft was sold to [[Raytheon]] for $9.5&nbsp;billion.<ref>{{cite news|url=https://articles.latimes.com/1997-01-17/news/mn-19465_1_hughes-aircraft|last=Peltz|first=JamesPeltz|newspaper=L.A. Times|date=January 17, 1997|title=Raytheon Acquires Hughes Wing in $9.5-Billion Deal}}</ref> Raytheon filed a lawsuit in 1999 accusing Hughes of overstating the value of Hughes Aircraft by $1&nbsp;billion.<ref>{{cite news|url=https://articles.latimes.com/1999/jan/28/business/fi-2437 |title=Raytheon, GM in Dispute Over Hughes Sale |newspaper=L.A. Times |date=January 28, 1999 |agency=Bloomberg |access-date=January 7, 2016}}</ref> A $635.5-million settlement was reached in 2001.<ref>{{cite web |url=https://www.sec.gov/Archives/edgar/data/1465112/000104746911001443/a2202196z10-k.htm|title=2001 Form 10-K, Hughes Electronics Corporation|publisher=United States Securities and Exchange Commission|date=March 11, 2002}}</ref> In 2000, Hughes Space and Communications was sold to [[Boeing]] for $3.75&nbsp;billion,<ref>{{cite web |url=http://www.boeing.com/companyoffices/financial/irnews/hughes_facts.html|title=Fact Sheet: Boeing Acquisition of Hughes Space and Communications Business|publisher=Boeing Corporation}}</ref> which it later claimed had also been overvalued by Hughes. Hughes later settled with Boeing for $360&nbsp;million.<ref>{{cite web|url=http://www.spacetoday.net/Summary/1796|title=Hughes, Boeing reach settlement on satellite sale dispute|publisher=SpaceToday.net|date=July 17, 2003}}</ref> These sales left DirecTV, PanAmSat and Hughes Network Systems as the remaining components of Hughes Electronics.

 

 

In 2000, DirecTV introduced the first live in-flight television service for [[airline]]s; the system was first used by [[JetBlue]] and defunct startup carrier [[Legend Airlines]].<ref>{{cite magazine |last=Goetzl |first=David |date=1 May 2000 |title=Airlines and Airwaves |magazine=[[Advertising Age]] |location=New York City |volume=71 |issue=19 |pages=18–20 }}</ref>