Blockbuster Lives on in Mexico as Upscale Chain

While the last Blockbuster video-rental store in the U.S. closed this month, the brand lives on in Mexico as an upscale chain with aspirations to sell everything from televisions to banking services.

After deciding to shut its U.S. Blockbuster outlets in November, Dish Network Corp. agreed to sell the chain’s Mexican stores for $31 million to Grupo Elektra SAB, a retail and financial company controlled by billionaire Ricardo Salinas.