Posted Wed Nov 9, 2011 at 11:00 AM PST by Dick Ward
Looks like the rental giant may have been counted out too soon!
It seemed like things were all over for Blockbuster and, if you look at it a certain way, they are. The company fought bankruptcy, dealt with creditors and did its best to stay afloat and eventually got sold to Dish Network.
Dish made some major changes to the company, resulting in some incredible results. In the time between April 26th and September 30th, Blockbuster has made $3.3 million. That's not a huge amount in the profit column, but being able to report a profit is downright impressive.
Dish says that the new Blockbuster streaming service has helped out with profits significantly and already gained 600,000 subscribers.
It's still too soon to tell, but it seems like this Dish acquisition could be a new start for Blockbuster.
Source: Home Media Magazine
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