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Best Buy is phasing out DVD and Blu-ray sales

Finest Purchase is saying goodbye to movie-watching with bodily discs.

The patron electronics retailer plans to section out its DVD and Blu-ray gross sales by early 2024 — with bodily films set to be bought in-stores and on-line as they’re at this time by means of the vacations, Finest Purchase confirmed to The Related Press Friday. Video video games is not going to be impacted.

“To state the plain, the best way we watch films and TV exhibits is far totally different at this time than it was many years in the past,” the corporate stated in an emailed assertion. “Making this variation offers us extra space and alternative to deliver prospects new and progressive tech for them to discover, uncover and luxuriate in.”

Finest Purchase isn’t the one firm to start out transferring away from bodily media in latest months. Final month, Netflix’s DVD-by-mail service, for instance, formally got here to a detailed as the corporate’s iconic red-and-white envelopes made their ultimate journey.

Hypothesis in regards to the destiny of Finest Purchase’s bodily films started swirling round this week after a number of media retailers reported on the corporate’s plans.

Leisure weblog The Digital Bits was the primary to share the information Thursday, citing sources accustomed to the matter. And in accordance with Selection, which additionally cited trade sources, Finest Purchase made the preliminary choice to finish DVD gross sales 9 months in the past.

Minnesota-based Finest Purchase earned $274 million, or $1.25 per share, throughout the second quarter of 2023. That topped Wall Avenue expectations, however was nonetheless under the $306 million the corporate earned in the identical interval final 12 months.

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