Blockbuster Declares Quarterly Cash Dividend on 7-1/2% Convertible Preferred Securities

Blockbuster Declares Quarterly Cash Dividend on 7-1/2% Convertible Preferred Securities

DALLAS, Jan. 22 /PRNewswire-FirstCall/ -- Blockbuster Inc. (NYSE:BBI)(NYSE:BBI.B) announced today that its Board of Directors has declared a quarterly cash dividend of $18.75 per share on its shares of 7-1/2% Series A Cumulative Convertible Perpetual Preferred Stock, in accordance with the terms of the Series A Preferred Stock. The dividend will be payable on Feb. 15, 2008, to the holders of record of the Series A Preferred Stock at the close of business on Feb. 1, 2008.

Blockbuster Inc. is a leading global provider of in-home movie and game entertainment with more than 7,800 stores throughout the Americas, Europe, Asia and Australia. The company may be accessed worldwide at http://www.blockbuster.com/.

First Call Analyst:
FCMN Contact: randy.hargrove@blockbuster.com

Source: Blockbuster Inc.

CONTACT: press, Karen Raskopf, Senior Vice President, Corporate
Communications, or Randy Hargrove, Senior Director, Corporate Communications,
+1-214-854-3190, or investors, Angelika Torres, Director, Investor Relations,
+1-214-854-4279, all of Blockbuster Inc.

Web site:

http://www.blockbuster.com/

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