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Dish’s Blockbuster buy approved by judge

April 7th, 2011

A bankruptcy judge on Thursday approved Dish Network’s winning bid and gave it the OK to acquire Blockbuster for $320 million. Dish’s bid topped other bidders including Cobalt Video, a group of hedge funds lead by Monarch Alternative Capital, and billionaire investor Carl Icahn earlier this week at an auction for Blockbuster’s business and assets. New York …

Dish Network wins Blockbuster auction

April 6th, 2011

Pending approval at a hearing scheduled for Thursday, Dish Network will acquire Blockbuster Inc. following an auction that took place earlier this week. The company’s winning bid was approximately $320 million but the acquisition is expected to land at about $228 million in cash, taking into account Blockbuster’s inventory, available cash and other adjustments. Blockbuster …

Motorola Mobility acquires Internet TV company Dreampark

March 24th, 2011

Motorola on Wednesday announced that it has closed a deal to acquire Swedish IPTV software company Dreampark. The terms of the acquisition, which is expected to close in the second quarter of 2011, were not disclosed. Dreampark’s core software product is called Dreamgallery, a middleware solution that allows operators to provide services over television networks. …

Redbox clarifies plans for subscription-based streaming Netflix rival

February 18th, 2011

In a meeting with analysts, Redbox President Mitch Lowe reaffirmed the Coinstar-owned company’s plans to launch a Netflix “Watch Instantly” competitor this year. Coinstar CEO Paul Davis first confirmed the forthcoming service last year during an earnings call, though he would not specify whether the company’s Internet streaming service would utilize an all-you-can-eat pricing model …

Amazon.com working on streaming service to combat Netflix

December 6th, 2010

According to an unconfirmed report in The Wall Street Journal Monday, Amazon.com is in the early stages of developing a subscription streaming service that will compete with Netflix’s “Watch Instantly.” Citing anonymous sources, WSJ reports that the service will look to undercut Netflix’s offering, though no other points of differentiation were mentioned. Amazon.com Inc. is …

Apple unloads 250,000 Apple TV units in first six weeks

October 19th, 2010

It might not have launched with a new name or an App Store as rumors suggested, but Apple’s refreshed set top box still managed to find its way into plenty of living rooms following its launch last month. The new iOS-powered Apple TV became available in early September and according to Apple’s earnings call this …

Netflix ponders streaming to Wii and PS3

March 22nd, 2009

It looks like Xboxers might not be the only gaming console owners who will be able enjoy Netflix streaming in the future, provided customers show interest that is. A new survey currently being conducted by Netflix asks users a variety of questions surrounding the idea of streaming Netflix content directly to their Wii consoles. The …