Blockbuster offers streaming for Dish customers

Reuters News
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Posted: Sep 23, 2011 1:53 PM
Blockbuster offers streaming for Dish customers

(Reuters) - Blockbuster introduced plans for an online video streaming service for customers of satellite television provider Dish Network, competing with TV and movie rental giant Netflix Inc

The new service from Blockbuster, the once-dominant video store chain now owned by Dish Network, will offer more than 3,000 movies streamed to televisions and 4,000 movies streamed to computers, company officials said on Friday.

Called Blockbuster Movie Pass, the service will cost $10 a month and includes DVD rentals by mail and in stores.

The move comes as industry heavyweight Netflix has stumbled with an unpopular price increase and other missteps that have sent the company's shares tumbling 50 percent in two months.

Dish shares rose 3.3 percent to $26.24 in afternoon trading on Nasdaq.

(By Lisa Richwine; Editing by Derek Caney)