DAO aims to raise $5M to resurrect Blockbuster Video -Breaking
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The new DAO (decentralized autonomous organization) was formed to purchase Blockbuster’s brand from Dish Network. It will then be transformed into a movie studio and streaming service.
Blockbuster Video, an American video rental business founded in 1985, once operated 6,000 locations around the world and was valued at more than $8 billion. It closed almost all its operations in 2014 after it had nearly all been shut down. Dish Network currently owns it. OperatesThere is only one shop in Bend Oregon.
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