Netflix to end on its DVD-by-mail service
CBSN
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 25 years ago when delivering discs through the mail was considered a revolutionary concept.
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. 29, the company said.
Netflix ended last year with nearly 231 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 generated $145.7 million in revenue last year, which translates into somewhere between 1.1 million and 1.3 million subscribers, based on the average prices paid by customers.
