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. 26 /PRNewswire-FirstCall/ -- Blockbuster Inc. (NYSE:BBI) (NYSE: BBI.B) , a leading global provider of media entertainment, today announced 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, 2009, to the holders of record of the Series A Preferred Stock at the close of business on Feb. 1, 2009.

Blockbuster Inc. is a leading global provider of in-home movies and game entertainment with more than 7,500 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, +1-214-854-3190, or Randy Hargrove, Senior Director,
Corporate Communications, +1-214-854-3190, or Investor Relations, Kellie
Nugent, Director, Investor Relations, +1-214-854-4442,
kellie.nugent@blockbuster.com, all of Blockbuster Inc.

Web Site: http://www.blockbuster.com/

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Profile: International Entertainment