From DVDs To Streaming: Netflix's Evolution Marks The End Of Era: Report
Portfolio Pulse from Nabaparna Bhattacharya
Netflix Inc (NASDAQ:NFLX) is set to end its DVD subscription service this month, marking the end of an era that began in a warehouse near Disneyland. The DVD operations still serve around 1 million customers. The shift to streaming has rendered the DVD business obsolete, with DVD revenue for the first half of 2023 standing at $60 million, compared to the $6.5 billion from streaming in the U.S. alone. Netflix shares closed lower by 1.13% to $379.81 on Friday.
September 23, 2023 | 8:48 pm
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Netflix's decision to end its DVD subscription service marks a significant shift in the company's business model. The DVD operations, which still serve around 1 million customers, will cease, highlighting the dominance of streaming services. This could potentially impact Netflix's stock price.
Netflix's decision to end its DVD service is a significant move, indicating the company's focus on its streaming services. While the DVD operations still serve a considerable number of customers, the dominance of streaming services is clear. This could potentially impact investor sentiment and the company's stock price, although the exact impact is uncertain.
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