Blockbuster To Give Up Competing Against Netflix Over Streaming Movies

Posted Oct 5, 2012

After Dish Network bought Blockbuster last year, they wanted to build a Netflix competitor.  Dish was planning to overhaul Blockbuster into a DVD-by-mail service and movie streaming service.  Dish has decided not to create a Netflix competitor out of Blockbuster anymore.  Dish has sold off many of Blockbuster’s retail locations, but 900 of them will remain open in rural areas where streaming media is not that popular.  U.S. regulators decided not to approve a waiver to allow the company to use a satellite spectrum for streaming movies.  This is why Dish gave up on that project.  [Bloomberg]