Is Dish’s Blockbuster Hopeless?
There wasn’t much help for Blockbuster when Netflix (NASDAQ:NFLX) launched an online super competitor, and as competition gets even more fierce in the streaming market, Blockbuster is having to make more concessions to remain a viable brand.
Netflix really proved its mettle when Blockbuster had to file for bankruptcy in 2010. Competition from streaming sites and mail-delivery services made it hard for the company to draw customers out to stores, and Netflix’s dominance over the streaming and mail-delivery video market made it hard for Blockbuster to enter, even with its brand-recognition.
After Blockbuster’s bankruptcy, Dish Network (NASDAQ:DISH) bought it, but having a strong owner still hasn’t gotten the Blockbuster brand in the clear. It’s still in cought the crossfire between Netflix, RedBox (NASDAQ:CSTR), and even Amazon (NASDAQ:AMZN)…