The following video is part of our "Motley Fool Conversations" series, in which analyst John Reeves and advisor David Meier discuss topics across the investing world.
According to a Bloomberg article, DISH Network is giving up on its plans to turn Blockbuster into a Netflix killer. DISH had planned to use the stores to sell mobile devices that would stream content. But delays in approval for the spectrum have put a damper on those plans. So DISH plans to start closing stores. Without the mobile devices, DISH would have to take on Netflix directly, something it doesn’t want to do. That leaves competitors like Hulu, the Coinstar/Verizon partnership, Amazon.com, and others to duke it out. Netflix still has plenty of challenges ahead of it, such as a declining DVD-rental business, growing domestic streaming subscribers, and building its international segments. But one less competitor makes things a bit easier, and Netflix a little more attractive.
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