Netflix NFLX, +0.29% executives announced Tuesday afternoon that the company will ship its last red DVD envelopes on Sept. 29, after 25 years. The business has dwindled in the past decade from more than $900 million in revenue in 2013 to less than $150 million last year.
Also see: Netflix stock falls after subscriber growth, earnings forecast miss. But it’s bouncing back on ad plans, shared-password crackdown in U.S. Netflix offered a different approach, allowing consumers to have a certain number of DVDs mailed to their home and return them at their leisure, which eventually led to the demise of Blockbuster. Eventually, the company began focusing on streaming media directly to consumers, and first offered that service for free to DVD subscribers.
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this still exists?
Wow, Thanks for making me feel super old.
😢😔
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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?
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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
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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 😂😂
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