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Netflix announces shutdown of DVD rental service in September

Since Netflix shipped its first disc in 1998, it has mailed over 5.2 billion movies in its signature envelopes to more than 40 million customers. However, the company began streaming on-demand video in 2007, and that business quickly became its most popular offering by 2009. After an unsuccessful attempt to spin off the mailed rentals as Qwikster in 2011, Netflix moved them to DVD.com in 2016. By that point, the company had stopped mailing DVDs on Saturdays and had started producing original streaming shows.