Consumers are driving the need to migrate video from TVs and desktops to smart phones and tablets. Amazon Web Services’ purchase of Elemental Technologies Inc. is just one of many deals fueled by the trends. There were also some mega deals. Most notably, AT&T Inc. (NYSE: T) paid $48.5 billion to buy DirecTV, creating the largest pay-TV provider in the world.
“We’ll now be able to meet consumers’ future entertainment preferences, whether they want traditional TV service with premier programming, their favorite content on a mobile device, or video streamed over the Internet to any screen,” said AT&T CEO Randall Stephenson.