The Latest Breaking News from Ted Sarandos

Also on Monday, Netflix announced it would invest $2.5 billion in Korean-made content, twice as much the company has invested thus far.

Netflix will invest $2.5 billion in South Korean content over the next four years, the streaming giant's CEO Ted Sarandos announced after meeting with the country's President Yoon Suk Yeol in Washington. South Korea has cemented its status as a global cultural powerhouse in recent years, thanks in part to…

Announcement comes as South Korean President Yoon Suk-yeol is on a six-day visit to the United States.

Netflix will discontinue its DVD rental service later this year, drawing the curtain on a remarkable 25-year journey.

The DVD service, which still delivers films and TV shows in the red-and-white envelopes that once served as Netflix’s emblem, plans to mail its final discs on Sept. 29.

No more little red envelopes.

Netflix addresses the live streaming problems that plagued the Love Is Blind season 4 reunion.

Streaming giant calls time on the iconic red envelopes that used to be a familiar sight to posties up and down the country

The CEO says the company wants to end the service on a "high"

In a blog post titled “Netflix DVD – The Final Season”, the Netflix boss hailed the “iconic red envelopes” as having “paved the way” for the shift to streaming

Streaming giant Netflix has said it will "wind down" their DVD rental service and "go out on a high" with the last shipment taking place before the end of the year.