Peerflix Shuts Down25 Mar, 2008 By: Chris Tribbey
A little more than four years after launching, Peerflix.com announced to its members March 24 that it will no longer serve as a DVD trading site, effective April 23.
“Peerflix is discontinuing the Marketplace and DVD buy/sell/trade portions of Peerflix.com. While the Peerflix.com Web site will be available beyond April 23, 2008, you will no longer be able to buy, sell, send or receive DVDs on Peerflix as of that date,” the Web site owners wrote in an e-mail to their members. “While we have made considerable investments in our marketplace platform over the past four years, unfortunately the escalating costs of operating the marketplace do not make that business viable at this juncture. As we move out of the DVD marketplace business, we are focusing our energy and resources on building the Peerflix Media Network which is now the Web's fastest growing vertical movie network.”
Peerflix Media Network is aspiring to being a top Internet movie property, running Web sites such as DVDVerdict.com, FirstShowing.Net and TheMovieBlog.com, according to CEO and co-founder Billy McNair.
Launched March 1, 2004, Peerflix is one of only a handful of successful peer-to-peer used DVD trading Web sites, sticking around long after start-ups ReSpinIt.com and PreviewedDVD.com closed shop. The service allows users to list titles they have for trade and titles they want. Users print out prepaid envelopes to mail DVDs, and receive credit toward items on the site for their transactions.