Netflix co-CEO Ted Sarandos acknowledged as much in a blog post about "the final season" today. Netflix started as a DVD rental company in 1997, though started transitioning into a streaming service - what it's now known for - in 2007. While it's unsurprising that Netflix is winding down DVD rentals given those numbers, it does mark the end of an era. While it's unclear how many people still pay for the physical rental service, as Netflix stopped providing those numbers years ago, its revenue plummeted from $200 million in 20 to $100 million last year. While Netflix's streaming service continues to add subscribers, its physical DVD rental service has steadily declined. "Making 2023 our Final Season allows us to maintain our quality of service through the last day and go out on a high note." "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," the company said in the FAQ. If a costumer is subscribed both to the DVD and streaming services, their streaming subscription will continue while the DVD one is automatically canceled. 27, and costumers still paying for the DVD service will stop being billed in August. 9lAntaL2ww- DVD Netflix April 18, 2023Ĭlarifying further in the FAQ, Netflix said it will continue to accept returns until Oct. Thank you for being part of this incredible journey, including this final season of red envelopes.
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It has been a true pleasure and honor to deliver movie nights to our wonderful members for 25 years. On September 29th, 2023, we will send out the last red envelope. In an FAQ on Netflix's DVD website, it said it was entering its "final season" of shipping out discs. Netflix said in a tweet that it will send out its last DVD on Sept.
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