Netflix is winding down its DVD business after 25 years
Netflix Ends DVD Service After 25 Years. Industries Change. This Is How.
What Happened
Netflix announced it will shut down its DVD-by-mail service after 25 years of operation. The company is ending the service that originally made it famous as consumer habits shifted toward streaming.
Historical Context
Blockbuster dominated video rentals for decades before Netflix's DVD service disrupted it in 1997. Blockbuster filed for bankruptcy in 2010. Netflix's own streaming service, launched in 2007, now has over 230 million subscribers globally. The DVD service had already shrunk to a small fraction of Netflix's business. This is textbook creative destruction - industries evolve, old models fade, new ones emerge. Kodak dominated photography for 100+ years before digital cameras. Newspapers thrived for centuries before the internet. Change is the only constant in business.
What's In Your Control
• Whether you adapt your own skills to changing industries
• How you respond to technological shifts in your field
• Your decision to learn new technologies rather than resist them
• Whether you see change as opportunity or threat
• Your choice to build adaptable career skills
Does This Require Action?
Unless you still use Netflix DVDs or work in physical media - this requires *awareness*, not action. Permission granted: You can feel nostalgic about red envelopes without needing to have strong opinions about corporate strategy. This is just business evolution happening as it always has.
Source: CNN