Investor's Business Daily - The satellite TV company said its recently acquired Blockbuster movie rental business will expand its 99-cents-a-day rate to thousands more films and cut prices on new releases. Dish Network (NASDAQ
ISH - News) bought the video chain for $320.6 mil after Blockbuster entered bankruptcy proceedings. The discounting will increased competitive pressure on Netflix (NASDAQ:NFLX - News) and Coinstar's (NASDAQ:CSTR - News) Redbox kiosks. Dish climbed 1.6% to 30.13, Netflix edged up 0.3% to 264.51 and Coinstar fell 0.8% to 52.82.
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ISH - News) bought the video chain for $320.6 mil after Blockbuster entered bankruptcy proceedings. The discounting will increased competitive pressure on Netflix (NASDAQ:NFLX - News) and Coinstar's (NASDAQ:CSTR - News) Redbox kiosks. Dish climbed 1.6% to 30.13, Netflix edged up 0.3% to 264.51 and Coinstar fell 0.8% to 52.82.More...