The growing popularity of Netflix, Hulu and other on-demand video rental services continues to take a toll on traditional brick-and-mortar video rental stores.

Dish Network announced that it has named a president for its newly-acquired subsidiary, Blockbuster.

Satellite television provider Dish Network was selected as the winner of a bankruptcy court auction for the assets of Blockbuster late Tuesday with a bid valued at $320 million, the company announced late that day.