Kelly Named Blockbuster President


Dish Network, the second largest satellite TV service provider in the country named long-time executive Michael Kelly as president of its new Blockbuster subsidiary, the company said Monday.
Dish acquired Blockbuster in a bankruptcy court auction last month. The satellite giant beat bids from activist investor Carl Icahn and a group of bondholders led by Monarch Alternative Capital. Dish completed the $320 million purchase last week.
"Michael was the visionary behind our acquisition of Blockbuster," Dish chairman and CEO Charlie Ergen said in a statement. "His leadership will be key to returning Blockbuster to profitability and improving the experience we offer to consumers across the U.S. and globally."
Until today, Kelly served as executive vice president of Dish Network's Commercial Services division as well as both the Direct Sales and Media Sales organizations. Kelly had previously served in various executive positions for Dish Network, including management of field service, customer care operations and strategic initiatives.
"Blockbuster can offer more movies to consumers in more ways than any other distributor," Kelly said in a statement. "I am excited to work with Blockbuster's dedicated employees and franchisees around the world to reinvigorate the iconic Blockbuster brand and allow consumers easier access to enjoy the more than 125,000 movie and game titles available from Blockbuster's neighborhood stores, by-mail service and digital library."