 | Good afternoon Bit |  |  | There's a new video streaming service on the block and it comes courtesy of an old, familiar name - Blockbuster. Blockbuster unveiled the video streaming service to subscribers of satellite provider Dish Network, which now owns Blockbuster, in a move to better compete against video rental giant Netflix and to lure customers from rival cable and satellite TV providers. Non-Dish subscribers will have to wait until Blockbuster launches a broader online streaming plan later this year, the company's president told Reuters.
Called Blockbuster Movie Pass, the subscription service will start at $10 a month and includes DVD rentals by mail and at the company's more than 1,500 stores. The service will offer up a selection of more than 3,000 movies streamed to televisions and 4,000 movies streamed to computers. The mail and store rentals include video games. Mail plus streaming with Netflix starts at about $16 a month. Will Blockbuster's service be enough to threaten Netflix? Not a chance, argues CNET's Roger Cheng. "Essentially, it's a souped up Dish package," writes Cheng. " We were looking for something radically different from Dish, but we got an incremental new service plan instead."
Amazon's long-awaited tablet could be on its way soon. At least that's the speculation that began floating around tech circles on Friday after the company announced plans to hold a press conference next Wednesday. Amazon declined to provide further details, but analysts were confident that the world's largest Internet retailer will introduce its long-awaited tablet computer this year to expand in mobile commerce and sell more digital goods and services.
In other Amazon news, the company won another round in the patent fight over its "one-click" purchasing system as an appeals court ruled on Friday that it did not infringe technology patented by Cordance Corp. Separately, a peace treaty between California's government and Amazon became official on Friday with Governor Jerry Brown's signature on legislation striking a compromise between the two sides on taxing online sales.
Groupon's chief operating officer is leaving to join Google five months after joining the company, and ahead of a highly-anticipated initial public offering. Groupon said on its official blog on Friday that Margo Georgiadis was leaving the daily deals company to take a job as President of Google's Americas business. | | | LATEST NEWS | | Groupon COO jumps ship after 5 months | | September 23, 2011 05:58 PM ET | | SAN FRANCISCO (Reuters) - Groupon's chief operating officer is leaving to join Google Inc five months after joining the company, and ahead of a highly-anticipated initial public offering. | Full Article | | Blockbuster offers streaming for Dish customers | | September 23, 2011 04:55 PM ET | | (Reuters) - Blockbuster unveiled a video streaming service limited to subscribers of satellite provider Dish Network, a move to better compete against video rental giant Netflix Inc and to lure customers from rival cable and satellite TV providers. | Full Article | | Amazon expected to unveil tablet next week | | September 23, 2011 05:13 PM ET | | (Reuters) - Amazon.com Inc, which revolutionized reading with its Kindle e-reader, is expected to unveil a tablet computer next week that analysts say will seriously challenge Apple's market dominating iPad. | Full Article | | U.S. Internet rules to take effect November 20 | | September 23, 2011 04:28 PM ET | | (Reuters) - Long-delayed U.S. Internet rules that tackle the controversial issue of balancing consumer and content provider interests against those who sell access to the Web will take effect November 20. | Full Article | | | BUSINESS NEWS
| | Wall Street stabilizes after disastrous week | | September 23, 2011 04:36 PM ET | | NEW YORK (Reuters) - The Dow Jones industrial average on Friday suffered its worst week since the depths of the financial crisis in 2008, stung by severe anxiety over Europe's spiraling debt crisis and a warning from the Federal Reserved about the U.S. economy. | Full Article | | BofA sued by shareholder over $10 billion AIG loss | | September 23, 2011 05:59 PM ET | | NEW YORK (Reuters) - A Bank of America Corp shareholder sued the bank on Friday for what he said was a failure to disclose it potentially owes more than $10 billion to American International Group Inc in connection with mortgage-backed securities. | Full Article | | Icahn drops push to unseat Clorox board | | September 23, 2011 05:06 PM ET | | (Reuters) - Billionaire investor Carl Icahn withdrew his slate of nominees for Clorox Co's board, saying many of the bleach maker's shareholders would not support his effort to unseat the board and may not think it is the right time to sell the company. | Full Article | | | | U.S. TOP NEWS | | | | | RELATED VIDEO | | |  |  | | A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today. |  | | Your daily briefing on the latest tech developments from around the world from Reuters expert tech correspondents. Register Today. |  | | The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day.. Register Today. | | | » MORE NEWSLETTERS | | | ODDLY ENOUGH | | | | | | |
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