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Dvd Rental

All articles tagged with #dvd rental

business1 year ago

Redbox Machines Emptied Amid Bankruptcy Chaos

Following the bankruptcy of Chicken Soup for the Soul, which acquired Redbox in 2022, people are taking advantage of abandoned Redbox DVD rental kiosks across the U.S. to collect free movies. Some individuals are even obtaining the kiosks themselves, either with permission or by purchasing them cheaply. The situation has led to a surge in activity on platforms like Reddit and Discord, where users share their experiences and discuss hacking the machines. Meanwhile, former employees are reportedly selling leftover DVDs online.

via Kotaku|
#bankruptcy#business#chicken-soup-for-the-soul
technology2 years ago

The end of an era: Netflix closes its DVD rental service

Netflix is shutting down its DVD-by-mail service after 25 years, marking the end of the red envelope era. The company will continue to accept returns of customers' remaining DVDs until October 27. Some longtime customers expressed value in the DVD option for its selection and added perks, such as special features and audio commentaries. However, for Netflix, the DVD business has become less viable as streaming dominates the market. Shutting down the DVD business will allow Netflix to focus resources on expanding into new markets. The cost of operating the DVD business and the decline in revenue also contributed to the decision. Netflix has no plans to sell the DVD business and will recycle the majority of its DVDs.

via WPVI-TV|
#dvd-rental#netflix#physical-media
technology2 years ago

The End of an Era: Netflix Closes DVD Rental Service

Netflix is shutting down its DVD-by-mail service after 25 years, marking the end of the red envelope era. The company, which gradually shifted its focus to streaming content online, will continue to accept returns of customers' remaining DVDs until October 27. While some longtime customers found value in the DVD option for its selection and added perks, Netflix's DVD business has declined significantly in recent years. The move allows Netflix to better focus resources on expanding into new markets and cutting costs amid heightened streaming competition. Some subscribers expressed nostalgia for the DVD service, while others hoped for a potential sale of the business.

via CNN|
#dvd-rental#netflix#physical-media
technology2 years ago

The End of Netflix DVDs: A Farewell to Red Envelopes

Netflix is ending its DVD subscription service this month, marking the closure of an era that disrupted the entertainment industry. The DVD distribution plant, once processing 1.2 million DVDs a week, now has only six employees left. Netflix's DVD business played a significant role in destroying competitors like Blockbuster and changing viewing habits. However, with the rise of streaming, DVDs have become obsolete from a business perspective. Despite reduced staff, the Anaheim facility still receives and sends around 50,000 discs a week. Netflix's DVD operations currently serve around one million customers.

via The New York Times|
#dvd-rental#end-of-an-era#entertainment-industry
entertainment2 years ago

Netflix's Farewell Gift: 10 Bonus DVDs for Last DVD-By-Mail Subscribers

Netflix is giving its DVD subscribers a final surprise by sending up to 10 extra discs before ending its DVD by mail rental service. The discs will be chosen based on the movies listed in users' film queues, and subscribers must opt in by August 29th to receive them. However, the extra DVDs will still need to be returned by October 27th, 2023.

via The Verge|
#dvd-rental#entertainment#film-queue
business2 years ago

Redbox eyes Netflix's DVD business acquisition.

Redbox's parent company, Chicken Soup for the Soul, has expressed interest in acquiring Netflix's DVD rental business, but Netflix has declined the offer. After 25 years of mailing movies straight to customers' homes, Netflix will stop shipping discs from its DVD.com domain after September 29th. Redbox dominates the curbside DVD rental market with tens of thousands of red kiosks. Both Netflix and Redbox have been contending with a declining interest in DVD rentals as streaming continues to dominate at-home entertainment. Redbox CEO believes that Netflix's closure of its DVD rental service could benefit Redbox.

via The Verge|
#acquisition#business#dvd-rental
entertainment2 years ago

The Future of Netflix's DVD Business in a Streaming World.

Netflix's decision to end its DVD rental service marks the end of an era for physical media enthusiasts, including those who cherish the service for its vast collection of classic and art films. While the market for physical media is shrinking, companies like Vantiva still produce hundreds of millions of discs every year. The end of Netflix's DVD rental service not only cuts off those who have not made the switch to streaming but also deprives all of us of tens of thousands of films. The decision could mark a major shift in the fortunes of companies that produce DVDs and may be the beginning of the end for the format.

via WIRED|
#dvd-rental#entertainment#movie-industry
business2 years ago

Redbox Owner Eyes Netflix's DVD Business Amid Service Changes.

Chicken Soup for the Soul Entertainment CEO Bill Rouhana expressed interest in acquiring Netflix's DVD business, which is set to shut down in September after 25 years. Despite reaching out to Netflix multiple times, Rouhana has been rebuffed each time. Redbox, already the largest DVD rental company in the US, plans to add another 1,500 kiosks at Dollar General stores. Rouhana believes the decision to shutter the service will benefit his company, as there will be a whole bunch of people who are going to look for a new place to get their DVDs.

via Hollywood Reporter|
#acquisition#business#dvd-rental