Disney Discontinues Physical Media Releases for an Entire Continent
Disney has announced that it will be discontinuing physical media releases in Australia. The move, which will take effect after the release of Guardians of the Galaxy Vol. 3, comes as the company shifts its focus to streaming.
In a statement, Disney said that the decision was made “after careful consideration of the evolving market landscape.” The company said that it will continue to offer its content on streaming platforms such as Disney+ and Hulu.
The move is a sign of the changing times in the entertainment industry. As streaming services become more popular, physical media sales have been declining. In 2022, physical media sales in the United States fell by 25%.
The decision to discontinue physical media releases in Australia is likely to be met with some disappointment from fans. However, Disney is not the only company that has made this move. In recent years, other major studios such as Warner Bros. and Universal have also discontinued physical media releases in select markets.
It remains to be seen whether Disney will eventually discontinue physical media releases in other markets. However, the move in Australia is a clear indication that the company is shifting its focus to streaming.