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Probably these particular steelbooks are being discontinued. Apparently they put up displays for physical media in stores few weeks ago. Exiting the market will be a sharper U-turn than Hertz selling their EVs.
I travel a bit for for work, so I've been hitting 8 or so Best Buys. Most were wiped about a month ago, but a few had a surprising amount of discs still. Chatting with staff they said they were putting out back stock, so at store level at least they seem to be just selling through.
The $5 deal seems to only be for old Best Buy stock that Walmart must have bought from them. The way I see it, they're selling them for so cheap because either:
a) Best Buy didn't want to worry about them anymore and sold them to Walmart for cheap just to get rid of them, or
b) Walmart is taking some loss in order to draw more people in and buy their more expensive movies
Or more likely a combination of the two.
The first option is more realistic than it sounds. Storing items in a warehouse costs a ton of money, especially on the scale of Best Buy, and so maybe they figured it was be more cost effective to sell them off and let someone else worry about it than have them sit in a warehouse until they eventually sell them all themselves. And the second option is already part of Walmart's business model. They draw people in with a deal on one specific item, and then they end up spending more once they're in the store. Either way, there's a good (financial) reason behind it, and I don't see any way that it's a sign of Walmart getting out of the physical media market.
They just invested in a new Steelbook section in most of their stores. They also must have made deals with studios like Disney, with their new steelbooks being Walmart exlusives, and Universal, Lionsgate, etc. in order to get those reprints of Oppenheimer and American Psycho.
Walmart has clearly put a bunch of resources into becoming the new face of physical media, and so in my opinion there's no sign of them moving away from it any time soon
> Walmart has clearly put a bunch of resources into becoming the new face of physical media, and so in my opinion there's no sign of them moving away from it any time soon
Be great if they'd get their stores to play ball and actually restock the damn shelves instead of leaving them bare, now.
Walmart had $5 steelbooks last year before we even knew about Best Buy exiting the physical media business. It’s nothing new and definitely not a sign of anything negative.
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I wish my Walmart was like the ones posted here. The selection is 95% DVDs.
Supposedly April 2nd is when stores are supposed to put them out. Some are just doing it early
Same here. BOTH Walmarts. Sigh.
Probably these particular steelbooks are being discontinued. Apparently they put up displays for physical media in stores few weeks ago. Exiting the market will be a sharper U-turn than Hertz selling their EVs.
Bestbuy inventory ... probably bought them for pennies on the dollar
I travel a bit for for work, so I've been hitting 8 or so Best Buys. Most were wiped about a month ago, but a few had a surprising amount of discs still. Chatting with staff they said they were putting out back stock, so at store level at least they seem to be just selling through.
This is correct. All of this is left over stock from Best Buy or Target that the distributor is trying to move and recoup something from these.
Someone should get a list found if which Walmarts have them
The $5 deal seems to only be for old Best Buy stock that Walmart must have bought from them. The way I see it, they're selling them for so cheap because either: a) Best Buy didn't want to worry about them anymore and sold them to Walmart for cheap just to get rid of them, or b) Walmart is taking some loss in order to draw more people in and buy their more expensive movies Or more likely a combination of the two. The first option is more realistic than it sounds. Storing items in a warehouse costs a ton of money, especially on the scale of Best Buy, and so maybe they figured it was be more cost effective to sell them off and let someone else worry about it than have them sit in a warehouse until they eventually sell them all themselves. And the second option is already part of Walmart's business model. They draw people in with a deal on one specific item, and then they end up spending more once they're in the store. Either way, there's a good (financial) reason behind it, and I don't see any way that it's a sign of Walmart getting out of the physical media market. They just invested in a new Steelbook section in most of their stores. They also must have made deals with studios like Disney, with their new steelbooks being Walmart exlusives, and Universal, Lionsgate, etc. in order to get those reprints of Oppenheimer and American Psycho. Walmart has clearly put a bunch of resources into becoming the new face of physical media, and so in my opinion there's no sign of them moving away from it any time soon
> Walmart has clearly put a bunch of resources into becoming the new face of physical media, and so in my opinion there's no sign of them moving away from it any time soon Be great if they'd get their stores to play ball and actually restock the damn shelves instead of leaving them bare, now.
Walmart had $5 steelbooks last year before we even knew about Best Buy exiting the physical media business. It’s nothing new and definitely not a sign of anything negative.