After 25 years of mailing movies straight to customers’ homes, Netflix will stop shipping discs from its DVD.com domain after September 29th. A Netflix source tellsthat it’s only winding down its DVD business, not selling it, indicating that it has no plans to let another company acquire it. But even if Netflix doesn’t plan to sell its DVD rental service to anyone, Rouhana believes that its closure could still benefit Redbox.
“This could be a great boon to us because now there are a whole bunch of people who are going to look for a new place to get their DVDs, and we’re close to 90 percent of them based on where our kiosks are located,” Rouhana tells. Netflix declined to comment on the situation. Redbox didn’t immediately respond toRedbox dominates the curbside DVD rental market with the tens of thousands of red kiosks it has at stores like Walgreens, CVS, Walmart, and Dollar General.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Redbox Owner Interested In Buying Netflix’s DVD BusinessChicken Soup for the Soul Entertainment CEO Bill Rouhana tells THR he wants to buy the DVD business, though a Netflix source said it is not for sale, and will be wound down. who knew DVD rental was still a thing. I still shed a tear when I walk past the building near me that once was Blockbuster. I have 500 movies in my queue. ~8 are available to stream. Please do it RedBox!!!! Our internet is off as much as it is on, plus so many thing that are available on DVD that they don’t offer on streaming. I have a long queue too.
Source: THR - 🏆 411. / 53 Read more »
One Exchange Could Be Pushing Whole Market Down, Here's Which OneMassive $ETH unlocks from Kraken exchange could account for most of the selling pressure on the crypto market
Source: Utoday_en - 🏆 295. / 63 Read more »
Netflix DVD business is ending this fall after 25 yearsNetflix is officially winding down the business that helped make it a household name.
Source: ABC7NY - 🏆 592. / 51 Read more »
End of an era: Netflix DVD subscribers mourn the service's imminent demise | CNN BusinessWhen Colin McEvoy, a father of two from Bethlehem, Pennsylvania and a self-described film fanatic, wants to watch a Bollywood film or an obscure independent movie, he often turns to Netflix -- but not its popular streaming service. An underrated service w a huge back catalog, even w gaps that have developed over time. Not every movie is streaming, but some older/obscure titles are still available on DVD via Netflix. This is a loss for film students & people who appreciate more than blockbusters and sequels.
Source: CNN - 🏆 4. / 95 Read more »