End Of An Era: Best Buy Bids Farewell to DVDs Following Footsteps Of Netflix
Portfolio Pulse from Nabaparna Bhattacharya
Best Buy Co., Inc. (BBY) plans to discontinue in-store and online DVDs starting in 2024. The decision won't affect video games. The move follows Netflix, Inc. (NFLX) ending its DVD subscription service. The availability of streaming services like Walt Disney Company (DIS), Hulu, Amazon.Com, Inc. (AMZN), and Apple Inc. (AAPL) has led to DVDs becoming nearly obsolete. Entertainment represents just 6% of Best Buy's total revenue in the U.S.
October 13, 2023 | 7:14 pm
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NEUTRAL IMPACT
Apple's streaming service contributes to the obsolescence of DVDs.
Apple's streaming service is part of the larger trend of DVDs becoming obsolete. However, this specific news is unlikely to have a significant impact on Apple's stock.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 50
NEUTRAL IMPACT
Amazon's streaming service contributes to the obsolescence of DVDs.
Amazon's streaming service is part of the larger trend of DVDs becoming obsolete. However, this specific news is unlikely to have a significant impact on Amazon's stock.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 50
NEUTRAL IMPACT
Best Buy plans to discontinue DVDs in 2024, which could free up space for other products.
While the discontinuation of DVDs could free up space for other products, it's unclear how this will impact Best Buy's revenue as entertainment only represents 6% of their total revenue in the U.S.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
NEUTRAL IMPACT
The availability of Disney's streaming service contributes to the obsolescence of DVDs.
Disney's streaming service is part of the larger trend of DVDs becoming obsolete. However, this specific news is unlikely to have a significant impact on Disney's stock.
CONFIDENCE 80
IMPORTANCE 40
RELEVANCE 50
NEUTRAL IMPACT
Netflix recently ended its DVD subscription service, which could have influenced Best Buy's decision.
Netflix's decision to end its DVD service is part of the larger trend of DVDs becoming obsolete due to streaming services. However, it's unclear how this specific news will impact Netflix's stock.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 70