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Netflix announces shutdown of DVD rental service in September

The decision to axe the DVD-by-mail unit could help Netflix trim costs, even if the savings are relatively small. While the company is recovering from a bleak 2022, its profits in the first quarter were still worse than they were a year ago, and subscriber growth was relatively modest, with 1.7 million new users. The disc market has been on a sharp and steady decline for years, with sales alone dropping 19 percent from 2021 to 2022, according to VideoScan/MediaPlayNews data.