Peerflix Is Shutting Down

I guess the Peerflix model has been crushed by Bit Torrent, NetFlix, and the people’s ability to rip movies?

Dear Peerflix Member,

Effective April 23, 2008 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. 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.

The Peersafe Protection Program will also be terminating effective April 23, 2008 meaning that you will no longer be able to make any Peersafe claims starting April 23, 2008. So, if you have DVDs that you have been holding on to but were planning to send at some point, now’s the time! If your Trade Cash account balance is greater than $10 and you would like to cash out your remaining Trade Cash balance, you must do so before April 30, 2008. To request a cash out of your Trade Cash, please log in to Peerflix.com and click “My Account” in the upper right corner, then click the “My Cash” tab and then click on the “Request Cashout” button and follow the indicated steps. As of April 30, 2008 you will no longer be able to request any Trade Cash payments from Peerflix and your Trade Cash will immediately expire and be forfeited. All cash out requests remain subject to the terms and conditions set forth in the Peerflix Service Policies and will be charged a $10 processing fee.

In addition to Peerflix.com, please also check out our other movie related web properties TheMovieBlog and Peliki.com.

Thanks!

The Peerflix Team

I must have traded 60 or 70 movies on the service, but now that I am moving so much it has become impossible to participate.