The company will also cease manufacturing recording MiniDiscs, MD data, and MiniDV cassettes.

Similarly, Best Buy discontinued sales of Blu-rays, Ultra-HD Blu-rays, and DVDs later that year.

Sony has also acknowledged that the Blu-ray storage market never lived up to expectations.

Sony to cease Blu-ray production, leaving physical media fans concerned

Currently, Sony and Panasonic are the last remaining major manufacturers of Blu-ray drives.

The retreat from Blu-ray manufacturing also carries significant implications for the home video market.

While streaming dominates the landscape, many consumers continue to prefer physical discs for various reasons.

For now, major Hollywood films still receive physical home video releases.