Best Buy says it will end DVD and Blu-ray disc sales by early 2024. Physical media will continue to be sold in stores and online through the holidays.
Best Buy is saying goodbye to movie-watching with physical discs. The consumer electronics retailer plans to phase out its DVD and Blu-ray sales by early 2024 — with physical movies set to be sold in-stores and online as they are today through the holidays, Best Buy confirmed to The Associated Press Friday. Video games will not be impacted. “To state the obvious, the way we watch movies and TV shows is much different today than it was decades ago,” the company said in an emailed statement.
Speculation about the fate of Best Buy’s physical movies began swirling around this week after several media outlets reported on the company’s plans. Entertainment blog The Digital Bits was the first to share the news Thursday, citing sources familiar with the matter. And according to Variety, which also cited industry sources, Best Buy made the initial decision to end DVD sales nine months ago. Minnesota-based Best Buy earned $274 million, or $1.25 per share, during the second quarter of 2023.
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