Exhibit 10.4(c)



SUMMARY OF NON-EMPLOYEE DIRECTORS COMPENSATION



March 1, 2006



The following is a summary of the compensation currently paid to non-employee directors serving on the Board of Directors of Blockbuster Inc.
Directors compensation is subject to change from time to time. Employee directors are not paid additional compensation for their services as directors.



| |  |  | Annual Retainer Fee  On March 24, 2005, based on the recommendation of the Nominating/Corporate Governance Committee, the Board approved an increase
in the annual retainer fee from $50,000 to $100,000. Of the $100,000, $50,000 is to be paid in shares of our Class A common stock that is non-transferable for one year after it is paid. The other $50,000 is to be paid in cash. The stock portion
of the retainer fee is paid semi-annually as soon as practicable on or after January 1 and July 1 based on the closing price of a share of Blockbuster Class A common stock on the date of issuance. The cash portion of the retainer fee
is paid semi-annually on approximately June 30 and December 31. Retainer fees are subject to pro-ration with respect to any director who did not serve in such capacity for a complete semi-annual period.
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| |  |  | Retainer Fee for Committee ChairsOn March 24, 2005, based on the recommendation of the Nominating/Corporate Governance Committee, the Board
increased the annual cash retainer fee for (1) the Chair of the Audit Committee from $7,500 to $10,000 and (2) the Chair of the Compensation Committee from $5,000 to $7,500. In addition, the Board established an annual cash retainer fee of
$7,500 for the Chair of the Nominating/Corporate Governance Committee. Retainer fees for committee chairs are paid semi-annually on approximately June 30 and December 31 and are subject to pro-ration with respect to any director who did
not serve in such capacity for a complete semi-annual period.
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| |  |  | Meeting FeesDirectors are paid $2,000 in cash for each meeting of the Board in which they participate (whether in person or by telephone) and $1,000 in
cash for each committee meeting attended if such meeting is held on a different day from the day of a meeting of the Board.
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| |  |  | Reimbursement  Directors are also reimbursed for their expenses incurred in connection with their service on the Board of Directors or any committee of
the Board.
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Non-employee directors may also
receive additional fees from time to time for site visits, for attending business meetings to which a director is invited as a representative of Blockbuster or for serving on any special Board committees. To the extent applicable, any such
additional fees will be determined by on a case-by-case basis.