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 would go to the local video store to choose something to watch for the weekend: The Lion King, The Goonies, Terminator 2: The Last Judgment, and Pretty Woman, for example.
That ration of nostalgia made us happy, and we looked forward to 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 of the rental video sector was an institution that saw its decline with the arrival of the Internet and, little by little, streaming platforms.
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.
If you usually watch series when you travel or in various parts of the house, these tablets can be good companions for entertainment consumption.
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.
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).