Netflix is winding down its DVD business after 25 years | CNN Business

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Netflix is officially winding down the DVD business that helped make it a household name

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%.

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Hahahahahaha hired the obamas and other chicoms dems who are Anti Blue Collar Workers and now their business model is going broke GOOD

Ok. I didn't know that they were still doing it. I thought that ended within a year of the streaming service starting.

...who realised they were still doing it?

کص ننه فدایی و مهدیار مادر جنده❤

They're also crashing the business they became with stupid policies and terrible content

In the UK there's another company that still does them.

Who the hell was still buying those ?

Every demon at this government funded propaganda machine's sole mission is to keep Americans of all nationalities divided. Calling CNN an honest news agency is like calling Jeffrey Dahmer a gourmet cook! elonmusk would you agree?

I had no idea they were still doing this.

They are still doing this?

CNN is fake news... You people are non-essential.

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