Dish Network buys Blockbuster for streaming video and kiosks

Dish Network landed the winning bid, valued at around $320 million, for Blockbuster in its bankruptcy auction. The company actually expects to pay around $228 million in cash — after “certain adjustments” are made at the deal’s closing — for the rental chain, according to an announcement made this morning.

Netflix bets on online streaming, shells out $115M for content

Video rental and streaming service Netflix paid about $115 million in its most recent quarter to acquire new content for its online streaming video library, according to its earnings reports released today. The company’s quarterly profit jumped by about 27 percent year-over-year last quarter.