This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Blockbuster's Next Hit: 'A Stream Come True'

NEW YORK ( TheStreet) -- Blockbuster could be starring in its very own new movie come Friday -- "A Stream Come True."

The movie rental company, which was bought out of bankruptcy in April by Dish Network (DISH - Get Report), will host a press conference that overtly hints at an announcement regarding introducing its own streaming video service.

At the conference, which will take place in San Francisco, the company promises to unveil "the most comprehensive home entertainment package ever."

Dish CEO Joe Clayton and Blockbuster President Michael Kelly will both speak at the event.

>Click here to take our Netflix poll.

This comes as rival Netflix, which all but forced Blockbuster into bankruptcy, is experiencing its own hiccups.

Chief Executive Reed Hastings issued a mea culpa on Sunday evening, apologizing for miscommunication in the company's recent 60% price hike .

In the same blog post, Hastings also revealed that the company will now be split, renaming the DVD business "Qwikster" and having its streaming service live under the Netflix banner.

This is the latest move by Netflix that has alienated subscribers. Earlier in the month, the company ended talks with Liberty Starz to renew its streaming contract, which will result in less titles available come February 2012.

Blockbuster is kicking Netflix while its down, issuing a media campaign designed to woo irate Netflix subscribers and introduce them to its own Total Access DVD-by-mail program.

-- Written by Jeanine Poggi

>To contact the writer of this article, click here: Jeanine Poggi.

>To follow the writer on Twitter, go to

>To submit a news tip, send an email to:

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
DISH $63.07 0.27%
NFLX $125.45 1.00%
AAPL $117.82 -0.18%
FB $105.47 0.06%
GOOG $750.27 0.28%


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs