Crypto Group Wants to Buy Blockbuster and Turn It Into Streaming Service
Written by SOURCE on December 30, 2021
In what might either be one of the most ironic and sacrilegious developments possible, or a positive twist of fate, depending on how you look at it, the beloved and deceased video rental store Blockbuster might be turning into a streaming service.
Per FX Empire, those behind trying to make this Frankenstein-like transformation a reality is a group calling themselves BlockbusterDAO, which stands for decentralized autonomous organization. The group is seeking to buy Blockbuster from Dish Network and convert it into a streaming service that would run on blockchain. In order to do so, however, BlockbusterDAO is trying to crowdsource $5 million.
The group shared their manifesto via a Twitter thread on Christmas day, outlining their ambitious goal and how they plan to accomplish it.
“Our mission is to liberate Blockbuster and form a DAO to collectively govern the brand as we turn Blockbuster into the first-ever DeFilm streaming platform and a mainstay of both the Web3 brands and products, but a powerhouse in the future of the film industry,” they wrote at the beginning of the thread.
The group continued to lay out their plan in a series of follow-up tweets.
While it’s unlikely Dish Network would sell Blockbuster, which it bought for $320 million in 2011, at least we can all watch the upcoming Netflix comedy about the last Blockbuster that’s currently in development.
