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Dish Network takes over 500 Blockbuster locations for some reason
Earlier this month, when Dish Network announced that it would be taking over Blockbuster's remaining assets, we openly wondered about what the deal would mean for the thousands of (mostly) empty rental stores still scattered across the country. Shuttering all of them seemed like a very real possibility, but it now looks like Dish has plans for at least a few of Blockbuster's old stomping grounds. On Saturday, the company agreed to assume the leases for about 500 of the 1,700 Blockbuster locations still in operation, according to papers filed with a New York Bankruptcy Court. Of course, it's still unclear what Dish plans to actually do with these stores -- or, for that matter, with the Blockbuster brand, as a whole. But it certainly looks like its long-term vision may incorporate at least some of Blockbuster's brick-and-mortar roots.
Blockbuster partially reaches back to the 90s, announces 3-day in store rentals with tiered pricing
Right on the heels of announcing that its on demand service was available on over 100 devices, Blockbuster has officially reduced in-store rentals periods from five to three days and established new pricing tiers. "Just arrived" Blu-rays and DVDs now cost $4.99, making them competitive with Redbox on a cost per day basis, especially when you consider the red vending machines must wait for up to 28 days later in some cases to get newer titles. Recent releases in circulation longer than six weeks cost $2.99 along with frequently rented "Top Picks," while older, and less popular titles -- think Weekend at Bernies -- have bottomed out to $0.99. According to company rep Patty Sullivan, these changes should help Blockbuster "continue to be a competitive force in the media business" and "simplify the rental experience." That sounds a lot like the same stance it took with the now dead no late fee scheme -- but who's keeping track? It also still seems expensive for frequent movie watchers compared to Netflix's basic $10 a month plan, which includes one rotating mailed disc along with unlimited streaming. So call us crazy, but somehow we don't see this move solving the company's bankruptcy woes anytime soon.
