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DVDs are dying right as streaming has made them appealing again
(arstechnica.com)
This is the best summary I could come up with:
The end of Redbox marks another death knell for the DVD industry at a time when volatile streaming services are making physical media appealing again.
But on Wednesday, Judge Thomas M. Horan of the US Bankruptcy Court for the District of Delaware approved a conversion to chapter 7, signaling the liquidation of business, per Deadline.
Redbox's remaining 24,000 kiosks will close, and 1,000 workers will be laid off (severance and back pay eligibility are under review, and a bankruptcy trustee will investigate if trust funds intended for employees were misappropriated).
In April, Target confirmed that it will only sell DVDs in stores during "key times," like the winter holiday season or the release of a newer movie to DVD.
But as physical media gets less lucrative and the shuttering of businesses makes optical discs harder to find, the streaming services that largely replaced them are getting aggravating and unreliable.
Still, places that offer DVDs have gotten significantly rarer recently, and relying solely on an increasingly cable-like streaming industry for home entertainment is a scary proposition.
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