Netflix is officially winding down the business that helped make it a household name.
This fall, the streaming giant will officially say goodbye to its DVD rental service and all of the red envelopes that made it possible.
“On September 29th, 2023, we will send out the last red envelope,” the company tweeted Tuesday. “It has been a true pleasure and honor to deliver movie nights to our wonderful members for 25 years.”
Netflix is officially winding down the business that helped make it a household name.
“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,” co-CEO Ted Sarandos wrote in a blog post Tuesday. “Making 2023 our Final Season allows us to maintain our quality of service through the last day and go out on a high note.”
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The company reported a miss for its second-quarter earnings after market close on Tuesday. Shares fell by around 6%.
10 fantastic movies directed by women on Netflix in 2023
‘The Lost Daughter’
This 2021 psychological drama was adapted from the Elena Ferrante novel of the same name and directed by Maggie Gyllenhaal. The story follows Leda (Olivia Coleman), a middle-aged woman who becomes obsessed with a young mother and her daughter while on vacation in Greece.
‘The 40-Year-Old Version’
This comedy-drama written and directed by Radha Blank stars the filmmaker as a struggling New York playwright who reinvents herself as a rapper at age 40. The movie boasts a whopping 99% score on Rotten Tomatoes.
‘Mudbound’
Writer and director Dee Rees became the first black woman nominated for an Oscar in the Best Adapted Screenplay category for “Mudbound.” This critically acclaimed historical drama tells the story of two families — one black and one white — living on a rural Mississippi farm during the Jim Crow era.
‘Unrest’
Jennifer Brea’s 2017 documentary follows her personal journey with chronic fatigue syndrome and explores the lives of others affected by the often-misunderstood condition.
‘The Land of Steady Habits’
Nicole Holofcener’s 2018 drama follows a recently retired man who leaves his comfortable life and wife to pursue a new beginning. Instead, he finds himself struggling with addiction and the challenges of personal growth.
‘Bird Box’
This post-apocalyptic thriller directed by Susanne Bier will have you on the edge of your seat. The film — starring Sandra Bullock, Trevante Rhodes and John Malkovich — follows a mother and her two children on a dangerous journey, where staying blindfolded is the only way to avoid deadly supernatural creatures.
‘The Elephant Whisperers’
This 2022 documentary directed by filmmaker and passionate conservationist Kartiki Gonsalves follows the bond between a couple and an orphaned baby elephant who is entrusted to their care.
‘The Tinder Swindler’
Felicity Morris made major waves with this viral 2022 documentary. The film tells the story of conman Simon Leviev, who used the dating app Tinder to connect with women and emotionally manipulate them into funding his lavish lifestyle.
‘The Invitation’
This 2022 vampire-horror film directed by Jessica Thompson follows a young woman who meets distant family members after her mother’s death only to discover they carry dark secrets.
‘Julie and Julia’
This 2009 comedy-drama was written and directed by Nora Ephron and stars Meryl Streep as chef Julia Child. The film contrasts the life of Child’s early culinary career with that of present-day New Yorker Julie Powell (Amy Adams).
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