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How technology unlocks business models: The story of Netflix

Netflix originally started out as a way to send a CD through the mail to see if the concept of a mail-order DVD subscription service was practical. The test proved successful, and the company soon began streaming video instead of renting DVDs. With the advent of digital versatile discs, the company was able to continue streaming without the need for physical DVDs. The company is now shutting down its mail-order DVDs business, but it is still thriving as a streaming service.

The post How Technology Unlocks Business models: The story of Netflix appeared first on Balanced News Summary.



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