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%.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
HiddenSecretsInGita गीता अध्याय 11 श्लोक 32 में गीता ज्ञान दाता खुद को काल कह रहा है और अर्जुन से कह रहा है कि सभी लोकों को खाने के लिए अब प्रकट हुआ हूं। अधिक जानकारी के लिए अवश्य पढ़ें अद्भुत पुस्तक ज्ञान गंगा।
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.
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Netflix Winds Down DVD-Rental BusinessNetflix plans to ship its last red DVD envelopes in September, ending 25 years of mailing shows and movies to subscribers. Didn’t realize they were still doing it What’s a “DVD”? They’re still doing this?
Source: WSJ - 🏆 98. / 63 Read more »
Netflix to Shutter Legacy DVD-By-Mail BusinessThe iconic red envelopes will be disappearing from mailboxes in September. Aww. Sad. My mom will be bummed. (not a joke) It was still a thing?
Source: THR - 🏆 411. / 53 Read more »
Netflix will shut down its DVD rental business in September | EngadgetNetflix is shutting down its DVD rental business in September after 25 years.. Lol They were still doing this? I guess to compete with Redbox Didn’t even know that’s a thing still in 2023
Source: engadget - 🏆 276. / 63 Read more »
Netflix shutters DVD rental business after 25 yearsNetflix Inc. is calling it quits on DVD rental sales after 25 years. The streaming giant, whose DVD business shrank as it accelerated and exploded into... 👀 I didn’t know they were still doing that. Wait, what? They have way more movies that way. dvdnetflix Wow breaking news
Source: MarketWatch - 🏆 3. / 97 Read more »
Netflix Is Shutting Down Its DVD BusinessNetflix’s famous red envelopes are headed to the recycling bin of history. The company announced the shutdown of the DVD-by-mail business Tuesday ahead of its first-quarter 2023 earnings repo… They STILL had a DVD business? 😳 Always like their DVD service because it was the only place (After Netflix put Blockbuster out of business) where you could get any movie or TV show you wanted for $8 a month, but I cut it off when Covid started & never got it again - a shame cause there is no pace like that now. It was a good run. But once discs became a niche market and video disc rentals mostly shut down, it was only a matter of time. I enjoyed it in it's hey day, but once they started throttling new releases, it went downhill from there.
Source: Variety - 🏆 108. / 63 Read more »
Netflix to end its DVD-by-mail business in an end of an eraNetflix on Tuesday said it was ending its DVD mailing service in September, marking the end of an era for the Los Gatos streamer as it evolves its business to compete with rivals. It would be nice if one of these idiotic services would allow you to rent new releases digitally without charging you $9. What a business idea. thewendylee I remember working for blockbuster trying to sell blockbuster online 😂😂
Source: latimes - 🏆 11. / 82 Read more »