It was recently revealed that Dish Network is preparing to launch its own streaming video service in October. Though details on the matter are scarce and unofficial, the service is believed to be a Netflix competitor. The streaming service is said to include movies from Starz, which will be exiting from Netflix in February 2012. Dish Network is also one of the three companies currently bidding on Hulu.

Blockbuster is all set to acquire Circuit City, hoping it would become a very huge electronic gadget chain aside from being a global provider of movies and gaming entertainment.

Blockbuster is reportedly willing to bid over $1 billion, larger than the company’s current value in the stock market, to create a chain similar to the Apple Inc.’s stores. Combining the two companies together, a 9,300 store chain will be readily available to sell movies, games, and gadgets to the US. If and when the deal is finalized, Blockbuster movies and games for sale or rental will be carried by Circuit City stores nationwide while Blockbuster stores will also sell electronics and gadgets.