The DVD business destroyed competitors like Blockbuster and altered the viewing habits of the public.
Once Netflix began its streaming business and then started producing original content, it transformed the entire entertainment industry.
Even before the strikes, streaming had rendered DVDs obsolete, at least from a business perspective.
In comparison, Netflix’s streaming revenue for the same period reached $6.5 billion.
(One hundred people at Netflix still work on the DVD side of the business, though most will soon be leaving the company.)
Persons:
Catherine Deneuve
Organizations:
Blockbuster, Netflix
Locations:
Hollywood, Fremont , Calif, Trenton, N.J, Dallas, Duluth, Ga, Anaheim