After 25 years of shipping DVDs to customers in its signature red envelopes, Netflix is hitting the “stop” button today on that legacy operation. (It just released a nostalgic short video look back…
After opening its doors in 1998 , the company surpassed 200,000 households in its first year and was on a fast track from there. Powered by the surge in broadband adoption, the rise of the
format and the complacency of brick-and-mortar retailers like Blockbuster, Netflix was soon shipping millions of titles, setting a record in 2011 with 4.9 million in a single day. By the end, more than 5 billion shipments had been recorded.
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