Dish Network is abandoning plans to develop Blockbuster into astreaming video service that would directly compete with Netflix, company founder and chairman Charlie Ergen said in an interview. Dish acquired the video rental chain for $320 million in April of 2011, months after Blockbuster filed for bankruptcy. Later that year, Dish announced it would offer a bundled movie rental service with its pay TV service. At the same time, Dish revealed it was taking advantage of Blockbuster’s content provider relationships and working on developing a streaming service meant to rival Netflix.
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Dish Calls Off Blockbuster-Netflix Battle Before It Begins
Posted by: Rachelle Dragani October 8, 2012 01:27 PMDish Network is abandoning plans to develop Blockbuster into astreaming video service that would directly compete with Netflix, company founder and chairman Charlie Ergen said in an interview. Dish acquired the video rental chain for $320 million in April of 2011, months after Blockbuster filed for bankruptcy. Later that year, Dish announced it would offer a bundled movie rental service with its pay TV service. At the same time, Dish revealed it was taking advantage of Blockbuster’s content provider relationships and working on developing a streaming service meant to rival Netflix.