![]() ![]() ![]() With just a little over five months of life remaining, the DVD service has shipped more than 5 billion discs across the U.S. Hastings replaced Randolph as Netflix’s CEO a few years after its inception, a job he didn’t relinquish until stepping down in January. “It was planned obsolescence, but our bet was that it would take longer for it to happen than most people thought at the time,” Randolph said in an interview with The Associated Press last year across the street from the Santa Cruz post office where he mailed the Patsy Cline CD. Postal Service to deliver entertainment became woefully outdated. That number has steadily dwindled and the service’s eventual demise became apparent as the idea of waiting for the U.S. Shortly before Netflix broke off from video streaming in 2011, the DVD-by-mail service boasted more than 16 million subscribers. That focus may have also contributed to the decision to close an operation that was becoming a financial drain.īut the DVD service was once Netflix’s biggest money maker. The growth of Netflix’s video streaming service has been slowing down over the past year, prompting management to put more emphasis on boosting profits. The DVD service generated $145.7 million in revenue last year, which translated into somewhere between 1.1 million and 1.3 million subscribers, based on the average prices paid by customers. Netflix ended March with 232.5 million worldwide subscribers to its video streaming service, but it stopped disclosing how many people still pay for DVD-by-mail delivery years ago as that part of its business steadily shrank. The DVD service, which still delivers films and TV shows in the red-and-white envelopes that once served as Netflix’s emblem, plans to mail its final discs on Sept. SAN FRANCISCO (AP) - Netflix is poised to shut down the DVD-by-mail rental service that set the stage for its trailblazing video streaming service, ending an era that began a quarter century ago when delivering discs through the mail was considered a revolutionary concept. ![]()
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