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(DISH), the second largest U.S. satellite-TV provider, will introduce a Blockbuster streaming-movie service to compete with Netflix Inc. (NFLX) next month, according to a person with direct knowledge of the plans. The timing is designed to coincide with price increases being implemented by Netflix, according to the person, who declined to be named because Dish’s new offering isn’t public.
Starting this month, Netflix said it will charge separate fees for mail-order and streaming videos, raising the price by 60 percent to $15.98 for customers who want both options. Dish hasn’t set a price for its rival service, the person said. Dish acquired almost all of Blockbuster’s assets in April for $320 million out of bankruptcy.
“This ought to begin changing the way investors think about Dish,” said Ryan Vineyard, an analyst at RBC Capital Markets in New York. Dish, based in Englewood, Colorado, fell 70 cents, or 2.8 percent, to $24.30 at 4 p.m. Streaming Service Starz Movies. Anonymous Vows to Attack NYSE. Anonymous, a group of self-styled hacker-activists behind attacks on corporate and government websites, vowed to support the Occupy Wall Street protests by erasing the New York Stock Exchange “from the Internet” on Oct. 10.
The group posted a video message on YouTube declaring war on the world’s largest stock exchange in retaliation for the mass arrests of Wall Street protesters, and posted a link to the video on one of several Anonymous Twitter feeds. The two-minute message didn’t elaborate on the threat or whether it referred only to an attack on the NYSE website, which would have no effect on trading. Anonymous has launched several so-called directed denial of service attacks on websites over several months, including actions in December against the sites of MasterCard Inc. (MA) and Visa Inc. (V) Members of the group use specialized software to launch the attacks, which can slow or crash the site for a short period of time, according to court documents. Homeland Security Memo. TV: Channel Finder.