Blockbuster lives on in Mexico

|By:, SA News Editor

Reports of Blockbuster's death have been greatly exaggerated with the remnants of the video rental chain growing sales last year in Mexico.

Dish Network unloaded Blockbuster to Grupo Elektra which has the luxury of running the 320 outlets in Mexico with no competition from Redbox and Netflix only a minor factor.

Grupo Elektra delves into financial services and consumer electronics in Latin America. Shares are traded on the Bolsa Mexicana de Valores.