The question of what’s next for Blockbuster has been partially answered, now that Dish Network has announced its $320 million bid was enough to win a bankruptcy court auction for the rental giant’s remaining assets. After “certain adjustments” are made and the deal closes, it’s expected to cost just $228 million in cash but what exactly Dish plans to do with the 1,700 stores and innumerable copies of Little Fockers is unclear. Executive VP Tom Cullen stated in the press release (after the break) Dish looks forward to reestablishing “Blockbuster’s brand as a leader in video entertainment,” but in a world where Netflix, Redbox and iTunes exist that could be easier said than done.
Continue reading Dish Network wins Blockbuster auction for $228 million in cash
Dish Network wins Blockbuster auction for $228 million in cash originally appeared on Engadget on Wed, 06 Apr 2011 08:42:00 EDT. Please see our terms for use of feeds.
