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Private

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Confidential:

These

materials

are

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to

be

printed,

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distributed

Continuing Transformation to a Multi-Channel Brand

Blockbuster’s mission is to become the preferred choice for convenient access to

media entertainment -

Anytime, Anywhere

Future State

Smaller overall store base (average store

lease is 2.5 years)

Fewer large stores, more smaller urban

locations

Delivering broader customer experience

3,750 company-operated stores

606 franchised stores

Heavy focus on film

Competitors:  Hollywood, Movie Gallery

Major market presence

Profitability enhanced by product distribution

synergies with stores

497 current units

2,500 units by year end, 10,000 by mid-

2010

License model

Competitors:  Redbox

Presence in nearly every connected device

High-quality entertainment experience

Large digital library including new releases

Emerging digital platform

Embedded in millions of living rooms

through Samsung, TiVo and others

Competitors:  Apple, Amazon.com,

Comcast, TimeWarner

1.6M subscribers

Moderate multi-channel integration

Profitable

Competitors:  Netflix

Growing subscriber base

Highly profitable

Present State

Channels

Capital Intensity

High -Moderate

Low

Minimal

Moderate

Exhibit 99.2