Word on the streets is that Dish Network is likely to launch its own online video streaming service which will be competing against the likes of Netflix and Hulu.
Apparently the company could use an existing platform that delivers on-demand movies to subscribers, for launching this brand new offering.
There were already fair bit of speculations going on regarding Dish planning to come up with something of that sort ever since it had acquired Blockbuster earlier in April, 2011. It was already quite clear that Dish was going to keep the 600 odd Blockbuster stores all across the country open.
It seems like the company is finally all set to come up with its very own tit for tat response to Netflix and Hulu’s domination in the on-demand movie streaming market.
“This ought to begin changing the way investors think about Dish,” said Ryan Vineyard, an analyst at RBC Capital Markets in New York, Bloomberg News reports.
“It goes from being an old-school pay-TV company to launching what could be a really high-growth business,” he added.
The Bloomberg report also claims that on being asked for comments, Aaron Johnson, a spokesperson for Dish denied to disclose anything about the rumours.
Dish Network To Ride Video Streaming Bandwagon to Rival Netflix