av news
This Month's Featured Equipment Reviews
Marantz PM5005 Integrated Amplifier & CD5005 CD Player Review
Musical Fidelity M6si Integrated Amplifier Review
Denon AVR-X3100W Home Theater Receiver Review
Tisbury Audio Mini Passive Review
Denon AVR-S700W& Envaya Bluetooth Speaker Reviews
Latest AV News
AV News Forum Topics:
 
Dish Disregards Criticism, Acquires Blockbuster  Print E-mail
Home Theater News Industry-Trade News
Written by Dick Ward   
Wednesday, 06 April 2011

Bidding for the rental giant has ended and Dish Network has emerged as the highest bidder.  They offered up $320 million for the company, but expect to pay around $228 million in cash when all is said and done.

The folks at Dish know that they have a hard road ahead of them.  "While Blockbuster's business faces significant challenges," says Dish VP Tom Cullen, "we look forward to working with its employees to re-establish Blockbuster's brand as a leader in video entertainment.

Dish hasn't revealed just what they'll be doing with Blockbuster yet, but Cullen hints at some big potential for the company.  "Blockbuster will complement our existing video offerings while presenting cross-marketing and service extension opportunities for DISH Network."  The deal is still pending approval, but assuming nothing goes wrong the deal is expected to close this summer.







Like this article? Bookmark and share with any of the sites below.
Digg!Reddit!Del.icio.us!Google!StumbleUpon!Yahoo!Free social bookmarking plugins and extensions for Joomla! websites!
 

  home theater news  |  equipment reviews 
  blu-ray reviews  |  dvd  |  theatrical reviews  
  music download reviews  |  music disc reviews
  contact  |  about-us  |  careers   |  brands 
  Subscribe to Us   |   RSS   |  AVRev Forums
  front page  |  virtual tours  |  dealer locator
  how to features  |   lifestyle & design articles
  Want Your Home Theater Featured on MHT?
   CE Partners: HDD  |  HDF  |  VGT  |  SD  |  DVD
   
  Advertise with Us | Specs | Disclaimer
  Sponsors | privacy policy | terms of use
  909 N. Sepulveda Blvd. El Segundo, CA 90245
  Ads: 310.280.4476 | Contact Us
  Content: 310.280.4575 | Mike Flacy