Ted Sarandos Netflix Entertainment reports Digital Love Provident Ted Sarandos Netflix

Netflix Is Shutting Down Its DVD Business

Reading now: 832
variety.com

Todd Spangler NY Digital Editor Netflix’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 report.

Since 1998, according to the company, it has mailed out over 5 billion DVD and Blu-ray rentals to subscribers across the U.S.

The final Netflix DVDs will be shipped out on Sept. 29, 2023, according to co-CEO Ted Sarandos. “After an incredible 25 year run, we’ve decided to wind down DVD.com later this year,” Sarandos wrote in a blog post on the company’s site. “Our goal has always been to provide the best service for our members but as the business continues to shrink that’s going to become increasingly difficult.

So we want to go out on a high, and will be shipping our final discs on September 29, 2023.” “From the beginning, our members loved the choice and control that direct-to-consumer entertainment offered: the wide variety of the titles and the ability to binge watch entire series,” Sarandos wrote.

Read more on variety.com
The website starsalert.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA