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.
What do you think? Offer your comments below!blog comments powered by Disqus
Phillip Swann is president and publisher of TVPredictions.com. He has been quoted in dozens of publications and broadcast outlets, including CNN, Fox News, Inside Edition, The New York Times, The Washington Post, The Chicago Tribune, The Financial Times, The Associated Press and The Hollywood Reporter. He can be reached at firstname.lastname@example.org or at 703-505-3064.
Click TVPredictions.com to read more news and features on TV technology.