Saturday, May 28, 2011

Dish Network slashes Blockbuster prices

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 bought the video chain for $320.6 mil after Blockbuster entered bankruptcy proceedings. The discounting will increase competitive pressure on Netflix and Coinstar's Redbox kiosks.

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