Ingram Entertainment Exits Physical Media Business

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Ingram Entertainment, Once the Largest Home Entertainment Distributor, Exits Disc Business

https://www.mediaplaynews.com/ingram...disc-business/

Ingram Entertainment is getting out of the DVD and Blu-ray Disc business.

“Expenses are exceeding sales [so it’s] time to exit,” chairman and CEO David Ingram told Media Play News. “Every associate who fulfills their obligations and parts on good terms is getting severance. Our exit from the industry is orderly and most customers and studios have been notified. We will be around for a while as we reduce inventory. We have no bank debt.”

Once the largest distributor of physical media home entertainment product, the La Verge, Tenn.-based company consolidated disc distribution even more through its 2019 acquisition of Baker & Taylor, another large distributor of home entertainment products.

At the time, chairman and CEO David Ingram said in a news release that “structural changes in the physical home entertainment marketplace” triggered the deal.

Steve Scavelli, who owns one of the few remaining home entertainment distributors, Flash Electronics of Brooklyn, N.Y., said, “This is not surprising. Everyone knows physical media as a percentage of home entertainment has been declining for the last 20 years, and especially for a large company with large overhead it’s next to impossible to make a profit. Ingram has been a stalwart of the industry for many years, and I’m sure this decision came from a financial perspective of just not enough product and not enough business in the physical realm.”