BLOCKBUSTER HIT WITH 28 DAY DELAY BY WARNER BROS

Warner Bros has decided to give Blockbuster the same month long delay the studio loves so much before new movies can be rented out as its competitors, Redbox and Netflix. While Blockbuster has had delays at its kiosks already, being first to get new flicks in stores has been a part of its marketing for a while. The LA Times reports Blockbuster so far is turning to simply buying the copies it needs at retail to rent them out immediately, but we'll see how long that lasts. If you enjoy your discs via kiosk or mail don't think you're out of the woods either, as the paper mentions Warner wants to delay new flicks to those outlets even longer when their deals are renegotiated.

DISH NETWORK LAUNCHES BLOCKBUSTER MOVIE PASS

Dish Network on Friday announced the upcoming availability of Blockbuster Movie Pass, an unlimited video streaming service akin to Netflix’s “Watch Instantly.” Beginning October 1st, Dish subscribers will have unlimited access to a small library of digital content that they can stream to a PC or to a TV using a standard Dish set-top box. While Netflix is moving in a completely different direction, having just spun off its DVD rental service to focus on streaming, Dish is sticking with the multi-pronged approach as Blockbuster’s best bet. “We’ve created a package that combines the best assets of the movie entertainment and video gaming industries with the convenience and integration provided by a multichannel video provider,” said Blockbuster president Michael Kelly in a statement. “Blockbuster Movie Pass is the ultimate programming package for every movie buff. The combination of DVDs by mail and unlimited in-store exchanges provides more than 100 million people living near Blockbuster stores, which are open 7 days a week, immediate satisfaction and unmatched choice.”

RUMOR: DISH NETWORK LAUNCHING BLOCKBUSTER STREAMING SERVICE

Dish Network already has its DishOnline streaming service for its own paying customers, but it looks like it's now set to take direct aim at Netflix with a standalone subscription service that will be open to everyone. According to Bloomberg, that will operate under the company's recently acquired Blockbuster brand and, in what's surely a bitter pill for Netflix to swallow, it's said to include titles from Starz (which also handles movies from Disney and Sony). As you'll recall from yesterday, Starz announced that it will be pulling all of its titles from Netflix in February of next year after it failed to reach an agreement with the company. Details on the service otherwise remain a bit light -- including any word of a possible subscription price -- although Bloombergsays it "may" also include on-demand Blockbuster movies that Dish customers will be able to watch on their TVs.

DISH NETWORK CLOSING 200 MORE BLOCKBUSTER STORES

Dish Network on Thursday revealed plans to shutter 200 additional Blockbuster stores, dropping the number of nationwide locations to approximately 1,500. Dish won an auction to take control of Blockbuster and its remaining assets this past April, after the fallen giant filed for bankruptcy last September. Dish said that the 15,000 employees working in Blockbuster locations that will remain operational will not lose their jobs. The company also said employees of the locations set to be shuttered will have the opportunity to transfer to other stores. Blockbuster failed to evolve with the shifting movie rental industry — when it finally did begin to offer new portfolio options to compete with the likes of Netflix, it neglected to add any real value or differentiation beyond competitive offerings. Coupled with the expense of operating physical rental shops, Blockbuster didn’t stand a chance. Dish Network acquired Blockbuster’s in April for approximately $228 million in cash, and it remains to be seen whether or not Dish can manage to transform the current business into something worthwhile.

DISH NETWORK KEEPING 500 BLOCKBUSTER STORES

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.

DISH NETWORK WINS AUCTION FOR BLOCKBUSTER

Back in September, Blockbuster announced that they would file for bankruptcy protection. Since then, corporate executives weighed their options to try and save the company from the dustbin, but finally reserved themselves to putting it up for sale in the hopes that another company would buy it at auction. This morning those hopes came true: Dish Network stepped in to buy the company for a total of $228 million in cash.

It’s unlikely that Dish Network is interested in Blockbuster’s chain of 1,700 video rental stores and retail locations: it’s almost certain that Dish really wants to get their hands on Blockbuster’s kiosk business, streaming video services, DVD mailing services, and their agreements with movie studios and television networks that produce its most watched and rented content. It’s still very likely that many, if not all, of Blockbuster’s neighborhood rental stores will close.

Whether or not Dish Network sees fit to prop up Blockbuster’s retail business remains to be seen, but it’s clear that they’re not the most valuable part of the deal. It’s far more likely that Dish Network will tie in its own satellite television services with Blockbuster streaming packages. For example, new Dish Network customers may see promotions and discounts if they sign up for Blockbuster streaming or disc by mail rentals. By contrast, current Blockbuster subscribers may be prompted to switch to Dish Network for their traditional TV services, if they have them.

Additionally, Blockbuster has made a significant push in recent years towards the mobile space, entering partnerships with a number of smartphone manufacturers and wireless carriers to bundle their streaming video apps on new devices. Dish Network could also leverage those agreements to bring mobile television and streaming video to users much like Comcast does with its Xfinity TV mobile apps without having to build the apps themselves.

Ultimately, Dish Network’s acquisition of Blockbuster – if approved by the federal bankruptcy court handling the deal – could give the company a leg up against competitors like RedBox, which doesn’t have a traditional TV service to fight Dish Network with, and Netflix, which doesn’t offer either traditional TV or kiosks.

BLOCKBUSTER FOR SALE

Blockbuster, the once mighty video rental juggernaut has fallen on hard times. The lands it once dominated have been taken over by the likes of Netflix and Redbox and to a lesser extent sites like Hulu. The company recently filed for bankruptcy protections and is now listing itself for sale.

Bids for the company have started at $290 million. CEO Jim Keys put a positive spin on the whole thing and said this will "allow for the consolidation of ownership of the company to those with a clear and focused vision for Blockbuster's future." Could 2011 finally be the year Blockbuster hits the deadpool?

VERIZON CUTTING SAMSUNG GALAXY TAB PRICE

Verizon Wireless is dropping the price of the Samsung Galaxy Tablet to a penny under $500. This is a nice $100 price chop. The nice thing is this price is for a month-to-month contract, so users aren't locked into a lengthy term. In addition, it also includes a $60 movie rental voucher that can be redeemed on the pre-installed Blockbuster movie app or in Samsung's Media Hub.

If you recently bought one these tablets from Verizon, don't worry. Verizon will be offering refunds for the difference if you still have the receipt and purchased the device in the last 14 days.

BLOCKBUSTER HAS TO WAIT 28 DAYS

It was only a couple of weeks ago that BlockBuster and Warner Bros were trialling the release of DVD titles into the former company's rental kiosks on their day of commercial release, but it seems like that's a future we're not going to see any more of. The pair have now announced a partnership whereby BlockBuster will offer WB's new DVD titles for rent 28 days after launch, matching Redbox and Netflix who are also subject to a four-week delay. This follows similar deals being concluded by BlockBuster with Universal Studios and 20th Century Fox, with the major benefits being lower acquisition costs and a direct relationship with the studio. We just wonder if those savings will be worth losing the one big differentiator BlockBuster had working in its favor. [Engadget]

BLOCKBUSTER FILES CHAPTER 11 BANKRUPTCY

 It is official, Blockbuster has filed for "pre-arranged" Chapter 11 bankruptcy.  It should come as no surprise since the rumors have been swirling around Blockbuster for months. The bankruptcy will allow Blockbuster to go from about $1 billion in debt to around $100 million.  According to the press release Blockbuster is evaluating its US store portfolio as part of the plan.  They currently have close to 3,000 stores and those will remain open during the Chapter 11 proceedings, operating as normal.  However, sources indicate that up to 1,000 of the stores could be liquidated. [Engadget]

BLOCKBUSTER TO FILE FOR BANKRUPTCY IN SEPTEMBER

According to several LA Times sources, Blockbuster will be filing for bankruptcy protections next month.  According to the sources Blockbuster's chief executive met with representatives of their major debt holders and  the six major movie studios to announce the companies decision.

Blockbuster is trying to restructure it's existing $920 million in debt and keep the movies coming in.  It is expected to close another 500+ of it's remaining 3,245 US stores.  Since 2008 Blockbuster has lost $1.1 billion.  It is expected that Blockbuster's senior debt holders will hold a significant portion of the company after bankruptcy is over.