DVD players have been taken off the shelves in one of Britain’s leading stores.
John Lewis has decided to move on from the iconic format more 20 years after its creation due to declining sales and the emergence of streaming services.
The high-street outlet will continue to sell Blue-ray players – the DVD’s successor – which can still be used to play regular DVDs.
Demand for DVD players plummeted by 40 per cent and condemned the archaic form of entertainment to the history books alongside VHS, floppy discs, cassettes and other bygone mediums.
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John Lewis has decided to move on from the iconic DVD player (pictured) after more than 20 years. Blossoming services has seen demand for DVD players plummet by 40 per cent (stock)
DVD players all but eradicated the VHS tape when they reached widespread popularity after a modest launch at the end of 1996.
Initial prices spanned from $600 – $1,000 (£460 – £770) but they soon dropped in cost to a fraction of this original fee.
By the turn of the millennium the were available for $100 (£77).
However, the reign atop the home entertainment world was abruptly ended when Blu-rays emerged at the end of the ’00s.
Gill Hind, director of TV at Enders Analysis, told the BBC that the profit margins for DVD player sales is now too small to make it worthwhile for the upmarket retailer.
Cheaper DVD players can be found at some supermarkets for as little as £20 and many stores will continue to sell the device.
Barely half (56 per cent) of UK households own a DVD player, according to the market research firm Mintel.
This is a significant drop from the 83 per cent figure from 2012 and only a quarter of people still own a Blu-ray player.
This higher quality format is still in circulation after staving off increasing pressure from the likes of Netflix and Amazon Prime.
Betamax (pictured) was released in the mid-70s and formally discontinued in 2016 but fell out of use as VHS ascended to popularity (stock)
MiniDiscs (pictured) offered up to 80 minutes of digitised audio and were on sale until 2013. They found huge success in Japan and some popularity in Europe but was eventually suppressed by digital downloads (stock)
Matt King, category director for technology and media research at Mintel, told The Guardian that streaming killed the DVD.
He said: ‘Rising subscriptions to Netflix, Amazon Prime Video and other streaming services mean that people have instant access to a huge range of content without worrying about delivery times for DVDs or storage space.
‘There is still demand for physical media and there will be for some time, but it will focus on the Blu-ray market, as DVDs are widely seen as outdated.’
Cassette tapes (pictured) are still found in some old cars and were widely popular from the early 1970s through to the early 2000s. Compact Cassettes contain two miniature spools, between which the plastic film (magnetic tape) is passed and wound (stock)
The video home system, or VHS, (pictured)) was developed by JVC in the early 70s and came to prominence in the late 70s after beating out Betamax in the market (stock)
Floppy disks (pictured) were a ubiquitous form of data storage and exchange from the mid-1970s into the first years of the 21st century before being eventually superseded by USB sticks and CDs (stock)
The advent of streaming is making its mark on the video industry and is also impacting the audio market.
Earlier this year the 2017 report by The Recording Industry Association of America (RIAA) was published which revealed the revenue from digital downloads fell to $1.3 billion (£920 million) last year.
Physical media, such as CDs and vinyls, also fell in total value, but only declined to $1.5 billion (£1.06 billion).
For the first time since 2011, when digital downloads took off, physical media sales top that of downloads via online stores like iTunes and Amazon.
The combined worth of both physical media and downloads pales alongside the money produced by streaming, however.
Apps like Spotify and Apple Music have seen an astronomical rise in popularity in recent years and this has all but destroyed the digital download market.
Streaming continues to grow and dominated the music revenue stream. The total industry is now worth the highest figure since 2008. Streaming accounts for $5.7 billion (£4 billion) of the business making up 65 per cent
The US music industry has struggled recently. Despite this, 2017 marks the first time since 1999 that the industry has grown for two consecutive years and is now worth an approximate $8.7 billion (£6.1 billion)
Streaming has continued to grow and bring in more money. In 2016, the music industry made more than half of its revenue from streaming. Although this was the first time streaming had accounted for more than 50 per cent of total revenue, the growth continued into 2017
As more people choose to stream music rather than own it, sales of physical media are now falling at a slower rate than their digital counterparts.
This has been driven, in part, by a resurgence in vinyl sales among audiophiles, who prize the format’s unique sound.
Platforms such as Spotify, Apple Music, Amazon Music and Tidal account for the majority of all income.
In the US, the music industry is now worth an approximate $8.7 billion (£6.1 billion) and, of this vast wealth, 65 per cent of it comes from streaming.
Streaming now brings in around $5.7 billion (£4 billion) to the US industry every year, and a vast chunk of this comes from paid subscriptions.
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