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%.

I miss the past.

Ummm 🤔 who new that was still a thing?🤨

I hope they still deliver VHS...

That was still a thing

The still mailed out DVDs? 🤯

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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
แหล่ง: MarketWatch - 🏆 3. / 97 อ่านเพิ่มเติม »

Netflix is shutting down its original DVD business after 25 yearsNetflix is shutting down its original DVD business that the company became known for on the path to becoming a streaming giant. Good way to make me feel old. Thanks, . Guess this means I’m buying a Blu-ray player now to catch up with the times There is hope blockbuster 😅
แหล่ง: verge - 🏆 94. / 67 อ่านเพิ่มเติม »

Netflix is winding down its DVD business after 25 years | CNN BusinessNetflix is officially winding down the DVD business that helped make it a household name CNN is fake news... You people are non-essential. They are still doing this? I had no idea they were still doing this.
แหล่ง: CNN - 🏆 4. / 95 อ่านเพิ่มเติม »