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.

Is Best Buy discontinuing DVDs?

It wasn't exactly shocking news. It's 2023, after all, not 2003. But it still hit me hard when Best Buy announced it will wind down sales of DVDs and Blu-ray discs, ending sales completely early in 2024.

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.

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.

BREAKING Best Buy to STOP Selling BluRay & DVD's

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.

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.

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 movies anymore?

Best Buy will sell movies and TV shows on physical discs until the end of the 2023 holiday season, then discontinue sales in its 1,129 locations with 969 in the U.S. The company will still sell video games.

When did Best Buy stop selling CDs?

The decision to fully exit from physical discs — Best Buy stopped selling CDs in 2018 — marks the end of an era, and leaves Target, Walmart and Amazon as the only major retailers selling them. For Best Buy, the move frees up in-store space for more lucrative products.

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.

What will replace DVDs?

DVDs and Blu-ray discs will be replaced by streaming services. Consumers head to streaming services to watch movies, and the addition of Disney+ to the mix will only make DVDs and Blu-Ray discs even less of a necessity.

Is Walmart getting rid of physical media?

The state of physical media — whether it's DVDs or video games — is in question as people increasingly move to streaming services. Walmart could be the next to make a move with one video game executive suggesting the retail giant could drop Xbox games soon, and potentially retreat from physical games even more in 2024.

How many Best Buy stores are closing in the US?

State of play: Best Buy closed 70 of its stores nationwide over the past three years, including 17 this week. That's about 7% of its store count.

Does Best Buy refuse returns?

Items need to be returned in a like-new condition. Items that are damaged, unsanitary, dented, scratched or missing major contents may be denied a return. Apparel must not be worn or laundered, and its original tags must be attached for us to accept a return.

Can I sell my item back to Best Buy?

Best Buy stores offer the Trade-In Program subject to local restrictions and requirements. Based upon such conditions we are not able to provide our Trade-In Program in all store locations. If there isn't a participating Best Buy Trade-In location near you, we may accept your trade in online.

Is Best Buy getting rid of physical games?

Best Buy told Variety that it will sell DVDs and Blu-Ray through the holiday 2023 season before ceasing sales of physical media in 2024. Best Buy also said it will continue selling video games.

Is Best Buy discontinuing physical media?

Best Buy is set to discontinue physical media sales such as DVDs and Blu-rays in its stores, reports The Verge. This move symbolizes a significant shift in consumer behavior, steering away from physical media ownership towards a landscape dominated by digital formats and streaming platforms.

Is Best Buy still profitable?

Best Buy gross profit for the twelve months ending July 31, 2023 was $9.642B, a 10.35% decline year-over-year. Best Buy annual gross profit for 2023 was $9.912B, a 14.85% decline from 2022. Best Buy annual gross profit for 2022 was $11.64B, a 10.09% increase from 2021.

Why did Best Buy leave China?

Best Buy exited China in 2011, with market failure attributed to the negative impacts of counterfeit markets, pricing, and its big-box retailer format.

What company did Best Buy take over?

What will replace DVD & Blu-ray?

Blu-ray technology is a storage medium for video, audio and data. As with any technological innovation, it will eventually be replaced by the next big thing. The next generation of video storage is likely to be called "4K". 4K UHDTVs have four times more pixels than full HDTVs and offer a much better resolution.

Does anyone still use DVD players?

A lot of people may think that DVD players are obsolete, but the number of new releases, and increase in quality and special features says otherwise. You may be surprised to learn that DVD players haven't completely gone extinct just yet. Today, there are plenty of choices when it comes to streaming services.

Why are DVDs not used anymore?

And as demand for DVDs has plummeted, video streaming has risen in its place. Subscriptions to services like Netflix have increased from 39 million worldwide in 2011 to 1.2 billion today—almost swallowing the DVD industry whole.