- Share this article on Facebook
- Share this article on Twitter
- Share this article on Email
- Show additional share options
- Share this article on Print
- Share this article on Comment
- Share this article on Whatsapp
- Share this article on Linkedin
- Share this article on Reddit
- Share this article on Pinit
- Share this article on Tumblr
NEW YORK — Charlie Ergen‘s Dish Network could use an acquisition of video rental company Blockbuster to compete with Netflix, according to one Wall Street analyst.
“We think that Blockbuster could be the way that Charlie Ergen gets content for a potential over-the-top [broadband] product — one that could end up competing with Netflix down the line,” Wells Fargo analyst Marci Ryvicker said in a report.
Ryvicker said buying Blockbuster could also help Dish’s VOD service.
The Wall Street Journal had reported earlier on Friday that Dish and activist investor Carl Icahn were among bidders for Blockbuster ahead of an auction for the company next week.
“We view the potential news as a positive,” Ryvicker said about Dish’s look at Blockbuster. “The more data points we glean, the more it sounds like Charlie Ergen has a plan to stay relevant in an evolving video world. We had often thought that Charlie Ergen is interested in providing an over-the-top product, but the one piece we were missing was how to get content. Blockbuster may be the [first] answer.”
Sign up for THR news straight to your inbox every day