Its the latest sign of the decline of the physical disc trade.
Restructuring and staff reductions in 2023 have delivered at least $7.5 billion in cost savings across the company.
Streaming, however, has become the default option for most consumers in recent years.
Years ago, original DVD/Blu-ray films like “Santa Paws 2: The Santa Pups” (shown here during production) would be profitable investments for Disney and other studios. Disney has reached a licensing deal for Sony to handle its releases on DVD and Blu-ray.Mark Ashman/ Disney via Getty Images
