Netflix Still Makes Money On DVDs, Just Shipped Its 5 Billionth Disc
Netflix still ships more than 1 million discs every week.
Movie and TV giant Netflix does a lot of its business through streaming these days, but some may be surprised to know the company is actually more than two decades old. Its legacy is in the by-mail DVD and Blu-ray rental sector--and that's still very popular for Netflix.
The company ships 1 million discs every week, and now Netflix's DVD business has reached a huge new milestone: 5 billion discs shipped.
"Five billion discs delivered is a huge milestone and we owe it all to our amazing members and team members," Netflix said in a tweet announcing the news.
According to Entertainment Weekly, the Elton John biopic Rocketman was the 5 billionth DVD that went out to mail. One of the reasons people keep subscribing to the by-mail service is because not all movies are available to stream; Rocketman is an example of a popular movie that lots of people want to watch.
5,000,000,000 shipments. F I V E B I L L I O N .— DVD Netflix (@dvdnetflix) August 26, 2019
The most heartfelt thank you to our incredible members that have been with us for the past 21 years of DVD Netflix. Five billion discs delivered is a huge milestone and we owe it all to our amazing members and team members. pic.twitter.com/Eg1bjEMtcx
As of June 30, the end of Netflix's most recent reporting period, the company had 2.4 million DVD by-mail subscribers. This works out to $157 million in revenue. The company's streaming business, of course, is much larger; it counts more than 150 million subscribers worldwide and $9.3 billion in revenue.
Netflix is known for its huge number of original, exclusive series. One of the network's upcoming shows is The Witcher, which stars Henry Cavill as Geralt.
Netflix was founded 21 years ago this week.
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