Netflix is ending the mail-delivered DVD movie rental business after 25 years.
The giant Subscription Video on Demand (SVoD) service posted on Twitter and its DVD rental site Tuesday that “on September 29th, 2023, we will send out the last red envelope.”
The company’s decision to make this the final year for disc rentals comes after years of steadily declining revenue.
Prior to pioneering the video streaming business, Netflix got its start renting physical movie discs — at the time DVDs — by mail. It has continued offering that service for physical media fans even after the service built the world’s largest SVOD streaming operation in 2008.
Netflix reported disc rental revenue declined 50% in 2022 to $100 million from $200 million the prior year. DVD rental revenue amounted to $32 million in the first quarter, ended March 31.
Samsung 2023 S95C 4K Quantum OLED TVs
Samsung 2022 QD OLED Now On Sale
Shop Wireless Speakers and Speaker Systems at SVSound.com
Save on eligible LG Appliance Packages during Abt’s Savings Event!
See What Your 4K UHD TV Can Really Do With The Spears & Munsil 4K UHD Blu-ray Disc, $39.95.
Portrait Displays Calman Display Calibration Software Available Here
Amazon’s Best Selling 4K Ultra HDTVs
Amazon’s Camera, Photo & Video Deals
Amazon Fire TV Cube Media Adapter with Alexa
Amazon Fire TV Stick 4K Max with Alexa Voice Remote
Amazon Echo Smart Speaker with Premium Sound, Alexa Voice Control
Amazon Echo Show 15 Alexa Voice Controlled Smart Screen
Amazon Echo Dot with Clock Voice Controlled Speaker
Amazon Echo Studio 3D Audio Alexia Smart Speaker
Best Selling Soundbars and 5.1 Surround Systems
“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,” Netflix posted. “Making 2023 our final season allows us to maintain our quality of service through the last day and go out on a high note.”
For physical disc fans, the move leaves Redbox as the largest remaining disc rental option in the United States.
Online purchases made using links provided on this site might generate a small commission for HD Guru.com. We thank you for your support!
By Greg Tarr
Have a question for the HD Guru? HD GURU|Email
Copyright ©2023 HD Guru Inc. All rights reserved. HD GURU is a registered trademark.
Stay connected