It’s the end of an era, or at least it will be in September when Netflix, the company that launched itself as a by-mail DVD rental service, closes that business for good. Netflix announced that physical DVD rentals will cease in September. While not nearly as many people used the service these days, those who do would almost certainly like to continue it. Some Netflix DVD fans are quite upset it's going away, but it appears that won’t happen as Netflix has been offered the chance to sell that segment of the company, and they’re not interested.
Bill Rouhana, the CEO of Chicken Soup for the Soul Entertainment, owner of DVD rental company Redbox, recently told THR that he had reached out to Netflix on multiple occasions in the last few years to inquire about purchasing the physical rental side of the company, but was turned down each time. He still very much would like to buy it, and hopes that Netlfix might consider selling the division rather than simply closing it, but sources tell THR there is no interest in selling it off.
