However, the company’s branch has witnessed a decline in the past years. Figures from the company show that the rental business generated $239 million in revenue in 2020, $183 million in 2021 and $146 million last year.
On the contrary, the company’s streaming service is doing numbers in recent times despite stiff competition from other streaming giants such as Disney Plus and Paramount. On Tuesday Netflix announced that its number of subscribers hit 232.5 million in the first quarter of this year and its nascent ad-supported tier is faring well.
Sarandos concluded his statement by expressing gratitude to members who patronised the rental service during its 25-year run.All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.
Who in this generation is still using DVD 😂
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