One company’s trash is another’s treasure.
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.
United States Latest News, United States 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.
Read more »
Yellowjackets recap: One small step, one giant leapShauna and Callie try to outfox the cops, Van and Tai reconnect, and Crystal and Misty have a falling out.
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
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.
Read more »
Netflix to shut down DVD rentals in September; Here’s the first, most popular movies shippedNetflix shipped its first disc in 1998. After 25 years, that service is coming to an end in the fall.
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.
Read more »