Blockbuster to Announce Netflix Rival on Friday [REPORT]

Credit:

CNNMoney reports that Dish is holding a press event Friday entitled "A Stream Come True," which appears to be the introduction of a Netflix competitor. Blockbuster's current streaming service offers pay-per-view movies. A true rival to Netflix would offer unlimited viewing for a flat monthly fee.

This report comes as Netflix grapples with a host of troubles, many self-inflicted. The company angered its customers in July when it announced a price increase, then lost a content deal with Starz, and just this week introduced a questionable plan to split its DVD delivery and streaming services into two differently named units.

A Blockbuster streaming service, meanwhile, would not only compete with Netflix, but with Amazon and Hulu -- a company that Dish is reportedly interested in buying.

Reps from Dish Network could not be reached for comment on the streaming service rumors.