by VentureStreet  Join Our Network
Dish Network Acquires BlockBuster Video for $228 Million

Back in September, Blockbuster announced that they would file for bankruptcy protection. Since then, corporate executives weighed their options to try and save the company from the dustbin, but finally reserved themselves to putting it up for sale in the hopes that another company would buy it at auction. This morning those hopes came true: Dish Network stepped in to buy the company for a total of $228 million in cash.

It’s unlikely that Dish Network is interested in Blockbuster’s chain of 1,700 video rental stores and retail locations: it’s almost certain that Dish really wants to get their hands on Blockbuster’s kiosk business, streaming video services, DVD mailing services, and their agreements with movie studios and television networks that produce its most watched and rented content. It’s still very likely that many, if not all, of Blockbuster’s neighborhood rental stores will close.

Whether or not Dish Network sees fit to prop up Blockbuster’s retail business remains to be seen, but it’s clear that they’re not the most valuable part of the deal. It’s far more likely that Dish Network will tie in its own satellite television services with Blockbuster streaming packages. For example, new Dish Network customers may see promotions and discounts if they sign up for Blockbuster streaming or disc by mail rentals. By contrast, current Blockbuster subscribers may be prompted to switch to Dish Network for their traditional TV services, if they have them.

Free Quotes from Satellite Dish Installers.
Click to Get Quotes
Other articles you may like:
How to reboot your outdoor CPE
How to reboot your outdoor CPE, in a few easy steps.

1 person found this article helpful. Have you?
Free Quotes from Satellite Dish Installers.
About the Author

Ezell Ellis, Dish Network
Las Vegas, NV 89121
(800) 998-DISH (3474)

If you would like to re-print this article, please contact the author.
Editorial Disclaimer: The views expressed in articles published on this website are those of the authors alone. They do not represent the views or opinions of this website or its staff. The articles on this site do not constitute a recommendation or endorsement with respect to any views, company, or product. Authors affirm that article submissions are their original content or that they have permission to reproduce.

Home   |   Articles & Videos   |   Affiliates   |   Networking Groups   |   Search by Category

Terms of Use   |   Privacy   |   About Us   |   Contact Us   |   Member Login

©2003-2020 - VentureStreet, LLC

Join Our Business Network