Netflix to Discontinue DVD-by-Mail Service After 25 Years

Netflix is shutting down its DVD-by-mail rental service, which was once its biggest money maker, on September 29th. The service generated $145.7 million in revenue last year, with an estimated 1.1 to 1.3 million subscribers. 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 still has die-hard fans who continue to subscribe because they treasure finding obscure movies that are not widely available on video streaming.