Blockbuster could transform into a “revolutionary” streaming service | Entertainment

Blockbuster could transform into a “revolutionary” streaming service |  Entertainment

A decentralized autonomous organization wants to take over the rights to the Blockbuster brand to turn it into a streaming service that, according to them, will be revolutionary.

It was the nineties, it was Friday afternoon and your family went to the local video store to choose something to see on the weekend: The Lion King, The goonies, Terminator 2: Final Judgment, Y Pretty woman, for example.

That ration of nostalgia made us happy, and we waited for it during the week like May water. It is very possible that the video store you went to belonged to the most iconic franchise in the sector: Blockbuster.

The giant in the rental video sector was an institution that saw its decline with the arrival of the Internet and, little by little, streaming platforms.

If you like series like Friends, The Sopranos or Game of Thrones, HBO Max has these and many more in its catalog.

The mode of consumption caused Blockbuster, and thousands of small chains or independent video stores to close, taking with them a piece of our childhood (or not so childhood).

Despite the fact that there is an official Blockbuster in Oregon, appealing to nostalgia, only a handful of stores pay a brand license to Dish network, who acquired Blockbuster Video in 2011 for about $ 320 million.

However, a decentralized autonomous organization, or DAO, wants to take over the Blockbuster brand for $ 5 million to turn it into a streaming service.

As reported by FX Empire (via Comicbook) the entity known as Blockbuster DAO wants Dish Network to sell them ownership of the Blockbuster brand for $ 5 million.

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The idea is to “create a pressure group” for Dish Network, which is not officially selling ownership of the brand, to give up.

The “revolutionary streaming service” they want to create would make viewers influence the decision of the licenses they would acquire for the platform’s catalog.

Everything looks very nice, but it is the typical business with which you would have to be extremely careful, and that Dish Network sells the brand for only $ 5 million seems quite unlikely.

On the other hand, if the world needs something, it is more streaming services (we trust that sarcasm is noticed).

This article was published in Hobby Consolas by Javier Cazallas.