Horribly misleading by What Hi-Fi, the way they've linked to the article on social media sites is by saying:
"Sony announces it will end production of Blu-ray discs in February"
And paired it with this image of Blu-ray movie discs:
No image of recordable media and no distinction in the title specifying it's recordable media only (alongside mini-DV & MiniDisc).
In regards to movies on Blu-ray and 4K UHD Blu-ray, then for the majors Sony are still among the best. Regularly putting out great discs, large sets and recently just released Seinfeld on 4K Blu-ray.
Even Disney who seemed to dream biggest in terms of having a walled garden of control are starting to dip back in to physical media after shunning it for catalogue titles and TV shows for years (they're digging into Touchstone & Hollywood Pictures now).
Physical is still a sustainable premium niche when addressed properly and there's plenty of money to be made. Not releasing physically is a largely abritrary move driven by the mindset of controlling media ownership, but streaming has been nowhere near as lucrative as these companies expected and staying above break even unless you're Netflix is hard work. No point leaving anywhere from a few 100k to many millions on the table for a physical release; especially when the cost sooner or later is already sunk on mastering work just as a matter of course in maintaining/preserving and streaming a library. Even the boutique labels are putting out top tier, fully-specced discs of obscure films for a small premium and doing quite well, if the majors can't do that then they're just incompetent. There's room for streaming and physical, the need for one thing to replace another is silly, especially when the replacement is still a downgrade.
As for games, I fully expect next gen PlayStation will have discs, but it'll be an add-on drive only and disc pressings will just be a little less common.
Still, a shame to see recordable media options shrink.
I'm more bummed about minidisc, one of the coolest media types about. While it's a miracle they lasted over 30yrs, it's a shame they stopped developing optical media when they did. Another couple generations and expansion of data capacity, data rate & data types and MD with it's outer casing and form factor could've been the ultimate consumer archival format for audio.