The consumer electronics retailer plans to phase out its DVD and Blu-ray sales by early 2024 — with physical movies set to be sold in-stores and online as they are today through the holidays, Best Buy confirmed to The Associated Press Friday. Video games will not be impacted.
Best Buy isn't the only company to start moving away from physical media in recent months. Last month, Netflix'sSpeculation about the fate of Best Buy's physical movies began swirling around this week after several media outlets reported on the company's plans.. That topped Wall Street expectations, but was still below the $306 million the company earned in the same period last year.
OTTAWA -Bank of Canada Governor Tiff Macklem on Friday, speaking ahead of an interest rate decision on Oct. 25, said a recent surge in long-term bond yields is not a substitute for monetary policy and the economy is not heading for a deep recession. The bank would "take into account" the tighter financial conditions due to higher long-term bond yields before its Oct. 25 policy announcement, Macklem told reporters in a call from Marrakech, Morocco, where he was attending an IMF meeting.
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