The perception doing business has come to an end due to dwindling market.
When Samsung and Sony stopped manufacturing Blu-ray, LG also joined the club as well. Though people still use Blu-ray players at their homes the market for these devices has not been prominent as before. It has gradually become unprofitable, and less effective as a format with the advent of streaming and digital consumption. Since 2018, the latest models have stood still and did not introduce anything new, and the demand for them has decreased. This decision, although incomprehensible for fans of physical films, cannot be called a novelty, but rather the result of the identified shift in consumer preferences for products without a physical disc.
The rise of streaming: the final blow for Blu-rays
Therefore, streaming has turned into the most utilized model by the users, services such as Netflix, Disney +, and Video Amazon Prime have a large number of movies and series available, and can be watched without the need to meditate in physical support. Customers enjoy the intermittent and home convenience of watching their content on the go or at home. Unless there is a change of heart and consumers start demanding the purchase of the Blu-ray format, it only makes sense that we cease the production of Blu-ray players with this shift to the digital world. It is also nice to be able to watch content in the streaming qualities, high definition and in some cases, 4K quality meaning that streaming has surpassed the need for Blu-rays.
The Loca loss of physical readers
People use the worldwide web as the primary source of entertainment and other content; however, there are many people who still have physical media and even buy movies for their private collection. They remain fans of Blu-rays for this type of picture and for this type of sound, and also for the special editions to which only this format is dedicated.
LG’s halt in the production of Blu-ray players, as well as the reduction in the physical offer in stores, could however limit access to these products. Collectors will likely have to turn to specialist retailers or online platforms to obtain rare editions.
Blu-ray Alternatives: Towards a Digital Future
With Blu-ray players discontinued, consumers will have to turn to digital alternatives to store and watch their movies. Streaming services are not the only option, as solutions like online movie purchases or rentals through platforms such as Apple TV, Google Play, or Vudu continue to grow. Additionally, cloud storage technologies allow users to keep their movies without having to invest in physical media. While these alternatives offer greater convenience, they also underline the gradual end of the era of physical media, with the priority given to immediacy and on-demand access.
