According to Best Buy’s most recent quarterly sales figures, released in August 2023, home entertainment music sales accounted for only about 9% of the company’s total revenue. In the grand scheme of things, ending the sale of physical media won’t make much of a difference.
Explaining that Bloomberg, a Best Buy spokesperson said popular movies and TV shows may temporarily return to store shelves during the holiday shopping season. The spokesperson also said that video game sales will not be included in this suspension.
With Best Buy’s departure from the media landscape, remaining distributors of DVDs, Blu-Rays, and Ultra HD discs are Walmart, Amazon, and Target. Redbox DVD rentals are still strong in the market thanks to its rental locations located in big box stores and supermarkets around the United States.
Of course, as advertising has grown, DVD producers have also been scaling back their efforts. According to trade reports from Digital Entertainment Grouptotal sales of DVDs have decreased by at least 28% compared to last year, and popular DVD producers such as Ingram Entertainment have begun to reduce their methods when costs have decreased.
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