Per Hacking Netflix:
If you asked me who was going to buy Blockbuster at auction, the list wouldn't have included Dish Networks. paidContent reports that it looks like Dish Networks has won the auction for Blockbuster with a $320 million bid. Dish Networks issued a press release to announce the deal:
"With its more than 1,700 store locations, a highly recognizable brand and multiple methods of delivery, Blockbuster will complement our existing video offerings while presenting cross-marketing and service extension opportunities for DISH Network," said Tom Cullen, executive vice president of Sales, Marketing and Programming for DISH Network. "While Blockbuster's business faces significant challenges, we look forward to working with its employees to re-establish Blockbuster's brand as a leader in video entertainment."
If you asked me who was going to buy Blockbuster at auction, the list wouldn't have included Dish Networks. paidContent reports that it looks like Dish Networks has won the auction for Blockbuster with a $320 million bid. Dish Networks issued a press release to announce the deal:
"With its more than 1,700 store locations, a highly recognizable brand and multiple methods of delivery, Blockbuster will complement our existing video offerings while presenting cross-marketing and service extension opportunities for DISH Network," said Tom Cullen, executive vice president of Sales, Marketing and Programming for DISH Network. "While Blockbuster's business faces significant challenges, we look forward to working with its employees to re-establish Blockbuster's brand as a leader in video entertainment."
