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.
The news comes just a few weeks after Netflix announced that after 25 years it had shipped its last physical DVD. That leaves mega-retailers Walmart, Amazon and Target as the last major retailers still offering these products.
The market for physical DVDs has been dropping precipitously with the growth of streaming services. Data from the Digital Entertainment Group indicated that U.S. consumer spending on these items was $753.89 million during the first six months of 2023, down from $1.05 billion for the same period the previous year, a 28% decrease.
“To state the obvious, the way we watch movies and TV shows is much different today than it was decades ago,” a Best Buy spokesperson said in a statement to Variety. “Making this change gives us more space and opportunity to bring customers new and innovative tech for them to explore, discover and enjoy.”
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