Key takeaways:
- Netflix is ending its DVD-by-mail rental service, which began 25 years ago and was the predecessor to its streaming service.
- The DVD service generated $145.7 million in revenue last year, but the number of subscribers had been steadily declining since 2011.
- Netflix’s decision to end its DVD-by-mail service marks the end of an era, but its streaming service is still going strong.
Netflix, the streaming giant, is set to end its DVD-by-mail rental service, which began 25 years ago. This service was the predecessor to the company’s trailblazing video streaming service. At the end of last year, Netflix had nearly 231 million worldwide subscribers to its video streaming service, but the number of people paying for DVD-by-mail delivery had been steadily declining for years.
The DVD service generated $145.7 million in revenue last year, which translated into somewhere between 1.1 million and 1.3 million subscribers. This is a significant decrease from the peak of 8.2 million subscribers in 2011.
The move to end the DVD-by-mail service is a reflection of the changing landscape of the entertainment industry. Streaming services have become increasingly popular, and Netflix has been at the forefront of this shift. Netflix has been able to capitalize on the trend of consumers wanting to watch content on their own time, and the company has seen a surge in subscribers as a result.
Netflix’s decision to end its DVD-by-mail service marks the end of an era. The service was revolutionary when it began 25 years ago, and it paved the way for the streaming service that has become so popular today. While the DVD-by-mail service may be ending, Netflix’s streaming service is still going strong.
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