Netflix Profits Drop: The company will stop renting DVDs by year’s end
Mid Tuesday, Netflix sent an email to all customers informing them the company will stop renting DVDs by the end of the year.
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The below is a copy of that email:
For 25 years, it’s been our extraordinary privilege to mail movie nights to our members all across America. On September 29th, 2023, we will ship our final iconic red envelope.
While times have changed since our first shipment in March 1998, our goal has remained the same: to provide you with access to the broadest collection of movies and shows possible, delivered directly to your door, with no due dates or late fees.
As the DVD business continues to shrink, it’s going to become increasingly difficult to achieve that goal. In our final season, we’ll continue providing you the best service possible, all the way to the very last shipment.
You may have some questions, and we’ve tried to answer them in our Final Season FAQ – and if you want to share something with us, you can send feedback here.
We sincerely thank you for joining us on this amazing journey. We could never have shipped more than 5 billion discs without movie lovers like you. It’s been a genuine privilege to share movie nights with you.
Pop the popcorn, fire up your player, and enjoy this final season of red envelopes.
Sincerely,
The Netflix DVD team
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