Blockbuster Inc. Names Eric H. Peterson EVP, General Counsel & Secretary

DALLAS, Oct. 15 /PRNewswire-FirstCall/ -- Blockbuster Inc. today announced the appointment of Eric H. Peterson as Executive Vice President, General Counsel and Secretary.

Most recently, Peterson was Executive Vice President and General Counsel for the former TXU Corporation, a $32 billion Fortune 200 Dallas-based energy company. He joined the energy services company in 2002 as its first ever general counsel, was responsible for the successful resolution of the company's complex legal affairs in conjunction with its then European operations and was an integral part of the executive management team responsible for the company's turnaround.

Prior to TXU, Peterson served as general counsel for DTE Energy, an $8.6 billion publicly traded, integrated utility in Detroit. Before that he was a partner in the Texas-based law firm, Worsham, Forsythe & Wooldridge LLP, now known as Hunton & Williams, where in addition to practicing corporate law, he served as a top legal advisor to TXU, the firm's largest client.

"Eric is an accomplished and skilled legal professional with an extensive background in highly competitive, fast-moving industries," said Jim Keyes, Blockbuster Chairman and CEO. "In addition to his considerable legal expertise, he is a seasoned business executive who will contribute significantly to our efforts to transform Blockbuster into the most convenient source for media entertainment."

Peterson graduated cum laude and Phi Beta Kappa with a Bachelor's degree from Southern Methodist University where he also earned his law degree. He received the "Best General Counsel" award in 2004 from the Dallas Business Journal, is a member of the SMU Corporate Counsel Symposium's Board of Directors, and serves on numerous professional and non-profit boards, including the United Way of Metropolitan Dallas.

About Blockbuster

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

Forward-Looking Statements

This release includes forward-looking statements related to our operations and business outlook and financial and operational strategies and goals. Specific forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. These forward-looking statements are based on management's current intent, belief, expectations, estimates and projections regarding our company and our industry. These statements are not guarantees of future performance and involve risks, uncertainties, assumptions and other factors that are difficult to predict. Therefore, actual results may vary materially from what is expressed in or indicated by the forward-looking statements. Factors that may cause actual results to vary materially include, among others, the factors described in our filings with the SEC, including factors discussed under the heading "Risk Factors" in our annual report on Form 10-K for the year ended December 31, 2006 and under the heading "Disclosure Regarding Forward-Looking Information" in our Form 10-Q for the quarter ended July 1, 2007, as well as changes in the composition of our key management personnel and any shift in strategy in connection therewith. This cautionary statement is provided pursuant to Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release are made only as of the date hereof and we undertake no obligation to update publicly any forward-looking statement for any reason, even if new information becomes available or other events occur in the future.