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.
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