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Blockbuster Looks To Woo Netflix Customers With DVD Promo

DOW JONES NEWSWIRES Blockbuster LLC on Thursday unveiled a DVD-rental promotion aimed at swiping customers from Internet-based rival Netflix Inc. (NFLX), taking aim at the online video service two days after Netflix raised its prices. Blockbuster, the assets of which Dish Network Corp. (DISH) acquired out of bankruptcy, has been slashing its prices recently amid fierce competition from Netflix and vending-machine operator Redbox, a subsidiary of Coinstar Inc. (CSTR). In a move aimed specifically at the online rental service, Blockbuster is offering a 30-day free trial to Netflix customers who switch to one of its two most popular DVD rental plans. The plans, called Total Access, allow customers to rent one disc at a time for $9.99 a month or two discs at once for $14.99 a month. Netflix on Tuesday said it is separating its streaming and mail-order DVD subscription plans in the U.S. to better reflect the cost of providing each plan. Netflix customers who want both unlimited streaming and to receive one DVD at a time by mail must subscribe to two plans, each for $7.99. Previously, subscribers paid $9.99 under a single plan for the same services. Blockbuster said it offers an added edge over Netflix by letting customers choose between mailed DVDs and access to brick-and-mortar stores. Customers must bring a piece of their Netflix DVD envelope to take advantage of the offer. DISH shares were recently off 2% at $30.97 Thursday amid a broad decline in the market. Netflix shares were down 3.6% to $288.05, trailing the market. -By Drew FitzGerald, Dow Jones Newswires; 212-416-2909; Andrew.FitzGerald@dowjones.com

Stock News for Dish Network (DISH)
DateTimeHeadline
12/08/201616:17:18Current Report Filing (8-k)
12/02/201617:08:56Statement of Changes in Beneficial Ownership (4)
12/02/201616:58:05Statement of Changes in Beneficial Ownership (4)
12/02/201608:08:00On BizWireTV: Watch as Your Favorite Video Games Come to Life...
12/01/201620:10:00FCC to Pay Less for Airwaves as Auction Moves to Third Round
12/01/201616:42:32Amended Statement of Beneficial Ownership (sc 13d/a)
11/28/201609:13:00Sling TV Introduces Cloud DVR, to Debut in Beta for Select Roku...
11/21/201618:00:00AT&T, Dish, WPP to Buy Invidi Technologies
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11/21/201615:40:00Amazon Explores Rights for Live Sports Packages on Prime
11/10/201603:03:00Dish Profit Falls on Subscriber Losses -- WSJ
11/09/201617:32:00Net-Neutrality Rules Could Be Eased Under Donald Trump, Some...
11/09/201617:32:00Dish CEO Hopeful About Trump's Impact on Infrastructure, Taxes
11/09/201608:10:00Dish Network Loses More Subscribers
11/09/201607:59:00Dish Network Loses More Subscribers in Third Quarter
11/09/201606:11:24Quarterly Report (10-q)
11/09/201606:06:00DISH Network Reports Third Quarter 2016 Financial Results
11/07/201608:24:00DISH ‘Viewers to Voters’ Model Predicts Clinton Victory; Rep...
11/02/201606:02:00DISH Announces Conference Call for Third Quarter 2016 Financial...
10/25/201617:40:00AT&T CEO Says Time Warner Deal Not About Raising Prices

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