Netflix, Inc (NFLX) Going To End Its DVD Business Very Soon

0

World’s famous streaming service Netflix, Inc (NASDAQ:NFLX) was once a DVD-by-mail service, but hardly anyone remembers this, thanks to the smart and slow approach by Netflix to peel off the DVD tag from its brand and evolve as a pure streaming service. Netflix, Inc (NASDAQ:NFLX) DVD business was doomed for an end since long time ago and company had the plans for a smart retrieve in this domain. Netflix wants to focus completely on streaming business instead of dividing its efforts in DVD sector. Streaming and live content delivery is the future and Netflix knew this fact. It can be said Netflix, Inc (NASDAQ:NFLX) DVD business is going to end sooner than later. Netflix, Inc (NASDAQ:NFLX) stocks are also getting up these days in the markets. Discussing the stocks to watch in a program on Fox Bussiness, retail analyst, Hitha Prabhakar, rated Netflix among the top stocks for investors. She said that although 6.7 million people still use Netflix, Inc (NASDAQ:NFLX) DVDs, the company is soon going to end this sector.

netflix logo

Recently, Netflix, Inc (NASDAQ:NFLX) announced that it is shutting down DVD delivery service on Saturdays. This smart move will save a huge amount of money for the company. Similarly, the company has already been pulling off DVD distribution centers. Getting rid of DVDs will create a vacuum in some countries where online streaming isn’t available so it’s important for Netflix to fill that vacuum with its online streaming service availability.

Experts think that Netflix, Inc (NASDAQ:NFLX) can easily add 1.5 million additional U.S. subscribers in its third quarter by completely focusing on new subscriptions and online video content generation. Worldwide availability of Netflix, Inc (NASDAQ:NFLX) service is also a huge factor its earnings.

Disclosure: None

Share.