So much for the rebirth of Blockbuster as a Netflix competitor.
Bloomberg reports that billionaire Charlie Ergen, founder and chairman of the Dish Network, has abandoned his effort to revive the onetime video-rental powerhouse. The original plan was to take Blockbuster retail locations and use them to sell Dish mobile devices, which could in turn be used to stream movies.
But U.S. regulators wouldn't grant immediate approval to a waiver that would allow Dish to transmit data and voice over its satellite spectrum, and Ergen decided to give up on the effort.
It's unclear what Dish will … Read more