Erik Gruenwedel, Media Play News
Netflix’s legacy by-mail DVD/Blu-ray Disc movies rental service continues to generate incremental revenue for the SVOD behemoth. The streamer reported revenue of $200 million for the fiscal year ended Dec. 31, 2021 — unchanged from $200 million in revenue in 2020.
Netflix doesn’t include packaged-media rental revenue or subscriber data in its financials, categorizing disc rental as separate revenue. The company reported $400 million in disc revenue in 2018 — underscoring the ongoing decline of its packaged-media business. It last reported about two million disc-rental subscribers in 2019.
Regardless, with Family Video calling it quits, Netflix and Redbox remain the only packaged-media rental services operating nationwide.