If you were hoping to watch DVDs or Blu-Rays on your Wii U, you're out of luck: According to Nintendo, the next-generation console will not have DVD or Blu-ray playback capabilities.
Nintendo feels that you already have enough ways to play discs in your living room. Here's the quote, from Nintendo president Satoru Iwata in an investor Q&A:
"We feel that enough people already have devices that are capable of playing DVDs and Blu-ray, such that it didn't warrant the cost involved to build that functionality into the Wii U console because of the patents related to those technologies."
While it hasn't been confirmed yet, you have to figure you'll be able to download and/or stream movies to your Wii U. In an ideal world, you'll also be able to watch said streaming movies from either your TV or the Wii U's unique controller-with-a-screen.
Iwata also discussed the competition Nintendo faces from mobile devices. According to Iwata, Nintendo has got this.
Personally, I don't feel that there is competition or threat from mobile games for our video game business from the sense that, even before mobile games appeared, it's always been the nature of our job to continue to offer new experiences that players can't have on other devices, and that, as long as we can continue to do that, the consumer will want to play our games, but what we are sensitive to is the notion of the sense of value and what consumers are willing to pay for games.
Read the rest of the Q&A right here.