Bloomberg reports that Dish CEO Charlie Ergen is giving up on making Blockbuster a "Netflix Killer."
“You make a lot of mistakes in business,” Ergen, Dish’s founder and chairman, said in an Oct. 3 interview. “I don’t think Blockbuster is going to be a mistake, but it’s unclear if that’s going to be a transformative decision.”
Dish has begun the process of closing stores that no longer make strategic sense, a plan that will allow Dish to turn a profit on the $320 million acquisition, Ergen said. Some Blockbuster DVD-rental stores can still make money in rural regions, he said. About 900 U.S. stores remained as of August, a fraction of the thousands Blockbuster once operated.
This really seems like the end of an era.