DISH buys Blockbuster for $320 mil
04-06-11, 01:49 PM
#1
DVD Talk Legend
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DISH buys Blockbuster for $320 mil
http://www.reuters.com/article/2011/...7351VA20110406
yeah, so that just happened.
yeah, so that just happened.
Dish Network Corp won Blockbuster Inc in a bankruptcy auction for $320 million, further broadening its business beyond satellite TV and setting up a possible showdown with Netflix.
Dish, the second-largest U.S. satellite TV company after DirecTV, trumped at least three other bidders, including activist investor Carl Icahn, for the one-time leader in video rentals.
Dish said the deal, which includes more than 1,700 Blockbuster stores, gives it new ways to market its services.
The deal covers "substantially all" of the rental chain's business, and likely gives Dish the rights Blockbuster had to stream movies over the Internet, the Blockbuster brand name and customer lists.
Dish declined to comment beyond its news release.
Dish, the second-largest U.S. satellite TV company after DirecTV, trumped at least three other bidders, including activist investor Carl Icahn, for the one-time leader in video rentals.
Dish said the deal, which includes more than 1,700 Blockbuster stores, gives it new ways to market its services.
The deal covers "substantially all" of the rental chain's business, and likely gives Dish the rights Blockbuster had to stream movies over the Internet, the Blockbuster brand name and customer lists.
Dish declined to comment beyond its news release.
04-06-11, 09:12 PM
#2
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Re: DISH buys Blockbuster for $320 mil
How do the rental stores benefit Dish? I can't really see Dish gaining anything from the dvd by mail or physical stores blockbuster provides. Everything is moving toward on demand, streaming, etc.
04-07-11, 09:00 AM
#5
DVD Talk Limited Edition
Re: DISH buys Blockbuster for $320 mil
Yeah, I'd bet they'll close all the stores. They'll take the real estate, sell it and try to recoup their money. Then they'll use the branding, online servers and kiosks to build up a biz that challenges Redbox and Netflix.
04-07-11, 09:03 AM
#6
DVD Talk God
Re: DISH buys Blockbuster for $320 mil
they won't close the profitable stores. it's one more avenue of retail to try to sell their product.
04-07-11, 09:06 AM
#7
DVD Talk Limited Edition
Re: DISH buys Blockbuster for $320 mil
apparently, the kiosk business is a separate company licensing the BB name.
04-07-11, 12:59 PM
#8
Senior Member
Re: DISH buys Blockbuster for $320 mil
It seems like company's can't let go of a dead item (see AOL). Since this story started to break my wife and I have wondered "WHY".
04-07-11, 02:13 PM
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Re: DISH buys Blockbuster for $320 mil
Getting streaming rights could certainly benefit DishNetwork and put them in direct competition with Amazon/Vudu/CinemaNow/Netflix
04-07-11, 04:00 PM
#11
DVD Talk Legend
Re: DISH buys Blockbuster for $320 mil
