HomeCryptocurrency NewsBlockbusterDAO Wants To Be The Next Netflix

BlockbusterDAO Wants To Be The Next Netflix

-

Which aggressively rich megalomaniac will try to thwart BlockbusterDAO’s plans?

Covered:

  • BlockbusterDAO?
  • DAO Plans
  • Alternative To Netflix

Why BlockbusterDAO?

If you’re one of those people who hoped a DAO would save Blockbuster, your wish has been granted. BlockbusterDAO announced its intentions the other day to “liberate Blockbuster” and “collectively govern the brand…”

Specifically, they intend to turn Blockbuster into a Web3 brand and “a powerhouse in the future of the film industry.” The core business would be focused around “DeFilm” and starting an ad decentralized streaming service.

The company believes the Blockbuster brand is an enduring one and points to some data from Retail Live showing improving brand scores. “(Since 2013,) sentiment has improved from a score of -20 to positive 14. In other words, people’s feelings for Blockbuster turned positive once its stores were gone.”

Recomended: ConstitutionDAO Loses Bid For Constitution To Anonymous Collector

Blockbuster DAO’s Plans

According to the DAO, the plan is to offer $5 million USD or more for the brand. The amount is subject to change based on NFT sales. Dish Network currently owns blockbuster. Famously, only one store in Bend, Oregon, remains.

It’s unclear what the DAOs plans are for the last Blockbuster store — which leases the name from Dish Network. We reached out to BlockbusterDAO for comment but have yet to hear back at press time.

As for their content strategy, the DAO plans to add IP by touring the festival circuit. Once they’ve built up a collection of IP and reached certain investment levels, they plan to develop original content. “Step 5: Option speculavie [sic] screenplays for Blockbuster Originals Once we’ve developed a platform for content publication, we can start investing in original content,” they said via Twitter.

Though before that can happen, the DAO will have to overcome the Ken Griffin’s of the world from keeping them from their dreams.

Alternative To Netflix

Initially, Netflix had benefitted mostly from positive press because of their disinclination towards canceling TV series and saving popular ones from cancelation (like Arrested Development).

However, the positive press has dwindled in recent years, making a case for a viable decentralized streaming option.

Recommended: Top Five Rug Pulls Of 2021

blank
John Kaczur
Writer and editor, based out of Toronto. More excited about Web3's future than its present. Proud Koala foster co-parent.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

LATEST POSTS

Mark Cuban Owns A Lot More Crypto Than You’d Think

Mark Cuban is bullish on everything crypto. In particular, he predicts DAOs will take over banks and insurance companies. Covered: DAO's Will Replace Banks And Insurance...

Here’s What We Know About The Upcoming Kitty Crypto Gang NFT Drop

As we've previously stated in the NFT Corner, the early 2022 craze in the NFT world is all about 3D Characters. Kitty Crypto Gang is...

What Is NEAR Protocol?

Find out more about this protocol that was intended to be a machine learning project. Check out our "What Is NEAR Protocol?" to learn more.  Covered: ...

You May Soon Be Able To Buy A Virtual Futon Thanks To The Walmart Metaverse

Apparently, the news is real this time. Looks like we are finally getting that Walmart metaverse we've been asking for — who needs a physically-backed...

Most Popular

Check Out the Latest Gear
blank

Join CryptosRus

No spam - just the good stuff

Sign up for The HODLer's Herald newsletter to stay up-to-date on the latest Crypto news and articles! Plus learn about new altcoins, get exclusive discounts for the merch store and more! 

You have Successfully Subscribed!