In yet another sign of the triumph of streaming, Best Buy will reportedly stop selling physical DVDs in-store and online beginning in 2024, according to CNBC and other media outlets. The retailer will continue to sell DVDs and Blu-Ray discs through the 2023 holiday season.

Is Best Buy getting rid of physical media?

In September, Netflix NFLX -0.2% ended its DVD service, and Best Buy BBY +1.3% announced it will stop selling DVDs and Blu-ray discs at the end of the 2023 holiday season. "To state the obvious, the way we watch movies and TV shows is much different today than it was decades ago," Best Buy said in a statement.

Is Best Buy exiting the physical media business for good in 2024?

As first reported by The Digital Bits, Minnesota-based Best Buy will phase out sales in early 2024, meaning that this will be the last holiday season that you'll be able to scoop up those stocking-stuffer movies at the remaining stores that still have inventory on shelves.

Will Best Buy no longer carry physical movies in 2024?

If you still play your favorite films and TV series on DVD, you'll soon have one fewer place to shop. Driving the news: Beginning in 2024, Best Buy will stop selling DVDs and Blu-ray discs in-store and online — marking a major shift for the electronics company as streaming platforms continue to dominate the arena.

Will physical media end?

But, to repeat, this isn't the end of physical media. Now, Disney will likely cut back its 4K releases in the future because the medium isn't taking off like it hoping it would. But we'll still see general Blu-Ray releases, as well as re-releases of stuff from Star Wars and Marvel that still caters to fans.

THIS SUCKS! But Not SURPRISING! Best Buy To End Physical Media Sales In 2024!

Is Best Buy getting rid of Blu-rays?

Best Buy will stop selling Blu-rays, DVDs in 2024: 'The way we watch movies and TV shows is much different today' It's going to get a little bit harder to get your hands on a physical copy of your favorite movie.

Will Best Buy still sell movies online?

The consumer-electronics retailer will phase out sales of DVDs and Blu-ray discs both in-store and online in early 2024, according to industry sources familiar with the company's plans. Best Buy made the initial decision to end DVD sales nine months ago, according to one source.

Are DVD going to be discontinued?

Starting in 2024, Best Buy will be ditching the sale of physical DVDs both in-store and online, as streaming services have rendered physical media more and more obsolete. The new sales strategy was first reported on by The Digital Bits and then confirmed by Best Buy in statements to different media outlets.

Do people still buy DVDs and blu-rays?

Streaming is a popular way to consume media these days, and DVD sales have declined by 86% since 2008. Curiously, many stores fill their shelves with DVDs and Blu-rays, and Technicolor Home Entertainment Services plans to ship as many as 750 million discs in 2022.

Is Best Buy doing well financially?

Best Buy's guidance for FY24, which includes 53 weeks, remains unchanged from last quarter and is the following: Revenue of $43.8 billion to $45.2 billion. Comparable sales decline of 3.0% to 6.0% Enterprise non-GAAP operating income rate² of 3.7% to 4.1%

Is Best Buy still in business and thriving?

Electronics retailer Best Buy is still in business, standing up to Amazon, and thriving. For the fourth quarter of 2018, the company reported $42.1 billion in revenue, $2.72 in non-GAAP earnings per share, and an 11% dividend increase.

Why is Best Buy still successful?

Becoming customer centric is one of the key reasons Best Buy has survived in the brick-and-mortar electronics space in the U.S. while a company like Circuit City has not. Early on in its development, Best Buy took the time to survey and understand its public and what that public wanted.

Did Best Buy change their name?

Originally founded by Richard M. Schulze and James Wheeler in 1966 as an audio specialty store called Sound of Music, it was rebranded under its current name with an emphasis on consumer electronics in 1983. Best Buy Co. Inc. Richfield, Minnesota, U.S.

Will Best Buy wipe my computer?

After you drop off your old tech, our trusted recycling partners will wipe any remaining data from devices before determining if the product can be repaired, repurposed or recycled, but you can also wipe your hard drive before coming in.

Why is Best Buy getting rid of movies?

Best Buy is bidding adieu to DVDs and Blu-Ray discs. The electronics retailer announced on Friday that it will stop selling the once-essential movie-viewing tool online and in stores after the 2023 holiday season as consumers continue to shift to streaming services over physical discs.

Should I keep CDs and DVDs?

Among the manufacturers that have done testing, there is consensus that, under recommended storage conditions, CD-R, DVD-R, and DVD+R discs should have a life expectancy of 100 to 200 years or more; CD-RW, DVD-RW, DVD+RW, and DVD-RAM discs should have a life expectancy of 25 years or more.

Will Blu-ray last longer than DVD?

BD-RE, which is erasable Blu-ray, is estimated for 20 to 50 years while DVD-R and CD-R, which hold a lot less data, can last 50 to 100 years.

Are Blu Ray discs good for long term storage?

If costs are important, blu-ray writers and discs are very affordable, compared to other data storage solutions. Last but not least, blu-ray discs are suitable for long term data archiving, since they last at least 50 years and are predictably forward compatible with the newest devices.

What is Best Buy discontinuing?

The popular consumer-electronics retailer plans to discontinue the sale of DVDs and Blu-ray discs both online and in house starting early 2024.

What will Best Buy discontinue selling?

Best Buy customers looking to purchase DVDs or Blu-ray discs will have to find another retailer after the 2023 holiday season. Starting in 2024, sales of hard copies of movies and TV shows by the consumer electronics seller will cease, according to Variety and The Digital Bits.

Are Blu-rays being phased out?

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.

Is Best Buy not selling movies anymore?

The changeup was first reported on Thursday by The Digital Bits, before Variety cited sources Friday that said Best Buy made the decision to end DVD sales nine months ago. Movies will continue to be sold in stores and online through the holiday season before sales end in early 2024.

Does Best Buy sell CDs anymore?

Now, you see larger computer and smartphone departments, which are now the primary ways people consume media. There are still physical video games, but that might not even last as companies like Sony and Microsoft evolve systems to focus on digital distribution. Best Buy stopped selling music CDs in 2018.

Can I play Blu-Ray on DVD player?

Blu-ray will only play on Blu-ray specific drives and players. You cannot play a Blu-ray disc on a DVD or CD player. However, there are several brands of Blu-ray disc players and many new PC's are coming with Blu-ray drives installed. Sony Playstation 3,4 and the Microsoft Xbox One are also a Blu-ray enabled device.