Physical media continues to decline, but it's driven by DVD, which declined 23% last year. Combined Blu-ray/UHD was down less than 2%. Separately, Blu-ray was down 8% (which was an improvement over last year) and UHD BD was up 70% (according to the
DEG Report)
I continue to be pleasantly surprised at how much catalog we're seeing on UHD BD, although I do wish some of the indies would get on board.