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Netflix announces shutdown of DVD rental service in September

While retail rentals are still available through Redbox kiosks and similar options, it’s safe to say that Netflix has played a major role in shaking up the movie rental business. The company helped people stay at home and changed expectations for good, despite facing competition from Blockbuster and other rivals who entered the market years later. Although it is a sad moment for home video fans, it is a necessary step for Netflix to focus on its popular streaming business.