DVD still has a lock on the cheapest, most accessible format category. That alone guaranteed its survival.
BD can never be compared to LD because LD remained a small niche market from its peak to its demise. The only market where LD ever came anything close to a mainstream format was in Japan. Cost was prohibitive; there were never any sub $10 re-issues because the format itself was expensive to produce. Size and storage was another limiting factor; not convenient at all. Essentially it was LPs to CDs. No portable players, and storage for larger collections was an issue.
BD on the other hand can be found anywhere DVDs are sold as a higher quality format. Virtually all new movies are published and distributed on BD. If a new movie only sees a DVD release, it's usually because the movie was a low budget, direct to video production.
I imagine studios will stop distributing movies on BD when they stop distributing retail format movies. I have a hard time envisioning DVD and 4K BD distribution only taking place.
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