Netflix to close DVD rental arm

U.S. streaming giant Netflix is to close down its once-popular DVD-by-mail rental division, which launched the firm 25 years ago

NETFLIX DVD RENTAL REVENUE ($ millions) 

$1,000
800
600 
400 
200
0
    2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

Sep 29, 2023: DVDs will no longer be mailed

911
765
646
542
450
366
297
239
182
146
     
 Revenue collapse of 84% in 10 years

SHARE OF U.S. STREAMING MINUTES, 2022 (%) Once-dominant force in streaming, Netflix sees rivals catching up

Netflix  22.2 
YouTube 20.2
Hulu 11.1
Disney+  6.1
Prime Video 7.7
Other 33.0

Sources: BBC, New York Times, MarketWatch, Nielsen Picture: Getty Images
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