The latest development in motion picture delivery is a complete move away from DVDs, into streaming-only territory. Netflix built its business model on delivering DVDs to the doorstep of its’ customers; this effectively killed Blockbuster Video’s brick-and-mortar, “go to the store” model, just as Amazon did with books, thus wiping out a large number of independent bookstores, even large chains, throughout the world. Clearly, Netflix wants to do away with DVDs altogether. As Netflix’s CEO, Reed Hastings, said in a statement of company policy on that date, “we are now primarily a streaming video company delivering a wide selection of TV shows and films over the Internet.” But streaming video has many drawbacks, and DVDs remain robust despite this new technology.
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