In the analyst call, Dish said the new Blockbuster streaming/disc rental plan helped reduce the satellite TV service's churn rate. But the company CFO Robert Olsen stressed that the Blockbuster retail business was still a work in progress.
"As we have discussed before, we were able to purchase the Blockbuster assets at a far lower price than their previous book value. As a result, we saw lower-than-historical levels of Blockbuster cost of sales in 2011. This impact will diminish over time as Blockbuster's inventory is replenished with new content. So we still have a lot of work ahead of us to improve the retail stores," Olsen said.
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