JB Hi-Fi has released its half-year earnings report for 2018 and once again, the Blu-ray and DVD categories have taken a big hit. Software sales (which includes music, movies and video games) fell by 6.5 per cent compared to the first half of FY2017. This was despite a healthy rise in profits for the Games category.
In other words, JB's movie sales are declining at an even faster rate than the above figure suggests. The act of physically placing a disc into a Blu-ray player could soon be as outmoded as VHS tape. Blame Netflix.