Things look bad for him physical formata nuisance for movie studios and video game platforms, which prefer customers to pay to rent, rather than own the products. LG has announced that it is stopping manufacturing Blu-ray and 4K Blu-ray players.
It is a trend that even the inventors of the format, such as Sony, support. Your new PS5 Pro console is your first digital console, the first Sony console without physical format. It is true that it sells the Blu-ray reader separately, but you have to pay an additional 120 euros on top of the 800 euros for the console, and it is sold out everywhere, so it is difficult to get.
The announcement that LG is stopping making Blu-ray and 4K Blu-ray players is a big blow for the physical film format.
Goodbye to LG Blu-ray players… unless sales pick up
According to reports FlatpannelsHDLG launched its latest models of Blu-ray and 4K Blu-ray players in 2018, and has been manufacturing to demand ever since. But it is not going to manufacture any more, there is only what is in stock.
In a statement to said website, LG assures that they stop manufacturing, but do not rule out returning, “if sales pick up.”
With this decision, The only brands that continue to manufacture Blu-ray players are Sony and Panasonic.
The physical format in the film market has experienced a great decline, due to the rise of streaming. For movie studios it is more profitable for customers to pay to rent than to own a product. Furthermore, streaming kills loans and the second-hand market.
Sales of Blu-ray and DVD discs fall 25% a yearaccording to the latest data. But the rise in streaming prices and the end of shared accounts is making many people return to physical formats.
With streaming you pay for content but it’s not yours, so you don’t own anything and if you want to watch something, you have to pay a subscription forever.
Besides, The 4K Blu-ray format has a much higher quality than streamingwith bitrates of up to 128 Mbps, compared to 15 or 20 Mpbs for streaming. The difference in audio quality is even greater.
All movies continue to be released on Blu-ray, the most important ones on 4K Blu-ray, but the same cannot be said for the series. Nowadays, the majority of series producers are streaming platforms. In Spain, only some HBO and Paramount series continue to come out in physical format.
The announcement that LG has stopped manufacturing Blu-ray players It has been a splash of cold water for defenders of the physical format, and of the rights of users to own the content they pay for. The hope is that, as is happening with vinyl or music CDs, physical film formats will rise again.
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Tags: LG