Netflix DVD business is ending this fall after 25 years

This fall, the streaming giant will officially say goodbye to its DVD rental service and all of the red envelopes that made it possible.

"On September 29th, 2023, we will send out the last red envelope," the company tweeted Tuesday. "It has been a true pleasure and honor to deliver movie nights to our wonderful members for 25 years." "Our goal has always been to provide the best service for our members, but as the DVD business continues to shrink, that's going to become increasingly difficult," co-CEO Ted Sarandos wrote in a blog post Tuesday. "Making 2023 our Final Season allows us to maintain our quality of service through the last day and go out on a high note."

The company reported a miss for its second-quarter earnings after market close on Tuesday. Shares fell by around 6%.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Netflix is out of the DVD business because streaming won – now, can Netflix still win?Netflix announced it’s shutting down DVD.com, its original DVD by mail service, later this year. That’s a good business decision and one Netflix helped usher in. But can Netflix recapture the magic that made DVDs by mail so special? Imagine if Blockbuster purchased Netflix like it should have …
Source: verge - 🏆 94. / 67 Read more »

Netflix DVD business is ending this fall after 25 yearsNetflix is officially winding down the business that helped make it a household name.
Source: ABC7Chicago - 🏆 284. / 63 Read more »

Netflix DVD business is ending this fall after 25 yearsNetflix is officially winding down the business that helped make it a household name. The still mailed out DVDs? 🤯 That was still a thing I hope they still deliver VHS...
Source: ABC7 - 🏆 67. / 68 Read more »

Netflix DVD business is ending this fall after 25 yearsNetflix is officially winding down the business that helped make it a household name.
Source: 6abc - 🏆 250. / 63 Read more »