Best Buy To Stop Physical Media Sales in 2024: game discs on target

-

Best Buy, a major consumer-electronics giant, is reportedly going to stop its DVD and Blu-ray sales both in-store and online by early 2024.

Best Buy To Stop Physical Media Sales, best buy, best buy stop dvd and blue ray disc sales, best buy sales
Best Buy To Stop Physical Media Sales: Major shift from DVD and Blu-ray Disc.

In a decisive move reflecting the ongoing shift towards digital media consumption, Best Buy, one of the largest consumer-electronics retailers in the United States, is reportedly set to discontinue sales of DVDs and Blu-ray discs both in-store and online starting in early 2024. This decision was initially set in motion approximately nine months ago, signaling a significant departure from traditional physical media retail.

This info, revealed by The Digital Bits has just unveiled a significant change in the world of DVDs and Blu-rays. And guess what? Video games will likely be affected too. The interesting thing is that this shift isn’t limited to Best Buy’s physical stores—it also involves their bustling online platform. So, it’s a big deal all around! Target is purportedly following suit with similar reductions in this domain.

As of mid-2023, Best Buy maintained a commendable presence with 1,129 store locations, of which 969 were situated in the U.S. This strategic move by the retail giant aligns with recent events, as Netflix, a pioneer in DVD-by-mail services, recently shipped out its last DVDs to customers on September 29, allowing them to retain their final discs.

Best Buy To Stop Physical Media Sales, best buy, best buy stop dvd and blue ray disc sales, best buy sales
Best Buy is reportedly going to stop its DVD and Blu-ray game sales by early 2024.

With Best Buy’s anticipated exit from the physical media market, Walmart, Amazon, and Target are poised to emerge as the leading U.S. retailers still offering DVDs and Blu-ray discs. Additionally, Redbox, now under the ownership of Chicken Soup for Soul Entertainment, continues to maintain a network of approximately 29,000 DVD rental kiosks nationwide.

Best Buy is making this change because streaming services have been taking over, and fewer people are buying DVDs and Blu-rays like they used to. It’s all about adapting to the times! According to data from the Digital Entertainment Group, U.S. physical media revenue plummeted by 28% to $754 million in the first half of 2023, in stark contrast to $1.05 billion in the corresponding period of the previous year.

Ingram Entertainment, a prominent DVD distributor, recently announced its decision to wind down operations after an illustrious 35-year tenure. The company has committed to supplying catalog products to customers through the fourth quarter of 2023.

Moreover, in a related development, Limited Run Games’ CEO, Josh Fairhurst, took to Twitter to suggest that there are speculations about Walmart potentially discontinuing the sale of physical Xbox games shortly too. While this may not have a significant impact on the PlayStation platform, where physical media still maintains a decent market share, it underscores the accelerating momentum of the digital transition across the industry.

For constant updates, keep following Gamevro.

Alex
Alex
Alex is an expert game writer, with more than 5 years of expertise in the field. He, who has been a lifelong gamer, combined his writing prowess with their in-depth understanding of the gaming industry to convert their passion into a business. His extensive experience includes esports, strategy, action-adventure, and RPGs among other gaming genres.

TRENDING

Helldivers 2 xbox, Helldivers 2 on xbox, Helldivers 2 xbox version, Helldivers 2 xbox release, Helldivers 2 In Early Discussions To Release On Xbox Suggests New Rumor

Helldivers 2 In Early Discussions To Release On Xbox Suggests New Rumor

0
Helldivers 2 has constantly been on the news since its release and has been regarded as one of the must-have co-op games on PS5....
Void Interactive, Ready or Not developers, Ready or Not, Void Interactive hack, Void Interactive hacking, Void Interactive Has Fallen Victim To Data Breach Resulting 4TB Of Data Stolen

Void Interactive Has Fallen Victim To Data Breach Resulting 4TB Of Data Stolen –...

0
Void Interactive, the Ready or Not developers, have fallen victim to a significant data breach resulting in the theft of over 4TB of data. Due...
Sonic Frontiers 2, Sonic Frontiers sequel, Sonic Frontiers 2 gameplay, sequel of Sonic Frontiers, Sonic Frontiers 2 leak, Sonic Frontiers 2 Reportedly In Development With Frontiers Style Gameplay

Sonic Frontiers 2 In Development With Frontiers Style Gameplay – New Reports

0
According to new reports, SEGA is currently working on Sonic Frontiers 2, building upon the gameplay mechanics introduced in the 2022 release of Sonic Frontiers. When...
Sumo Digital, Sumo Digital games, Sumo Digital unannounced games, Sumo Digital Reportedly Has 3 Unannounced Games In Development

Sumo Digital Reportedly Has 3 Unannounced Games In Development

0
Sumo Digital, the studio known for its titles like Team Sonic Racing and LittleBigPlanet 3, has three unannounced games under development, reveals new reports. The info...