Best Buy plans to phase out sales of physical movies in the coming months

Best Buy said it will stop selling DVDs and Blue-rays by early next year. This doesn’t include video games. Best Buy follows Netflix which in September stopped its dvd-by-mail service.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.

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%.

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