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. 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."Making this change gives us more space and opportunity to bring customers new and innovative tech for them to explore, discover and enjoy.”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..
Second-quarter sales fell 7.2% to $9.58 billion, slightly better than analyst estimates. Comparable sales — sales from physical stores open at least a year, and digital channels — fell 6.3%, dragged down by declines in computing and appliances. While appliance and electronic sales fell, the entertainment category increased by 9.1%.
Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Goodbye to more DVDs? Best Buy plans to phase out sales of physical movies in the coming monthsBest Buy is saying goodbye to movie-watching with physical discs.
Read more »
Goodbye to more DVDs? Best Buy plans to phase out sales of physical movies in the coming monthsBest 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. Video games will not be impacted.
Read more »
Best Buy to End DVD, Blu-ray Disc Sales in Early 2024Best Buy plans to phase out sales of DVDs and Blu-ray discs both in-store and online in early 2024, industry sources said.
Read more »
Best Buy may end DVD and Blu-ray sales early next yearThe news follows shortly after Netflix ended its DVD delivery service.
Read more »
The best Hanukkah menorahs you can buy online, including one that's pretty coolIt's a great time to buy a Hanukkah menorah, whether it's your first one or a gift for family or friends.
Read more »
Best Buy Is Reportedly Stopping Sales of Physical MediaBest Buy will reportedly be stopping all sales of physical media as soon as next year, a major blow for collectors.
Read more »