In short:
imo, yes.
Not so short:
DVD's have been the standard for 2 decades now and most full length skate videos that come out from big brands to independent releases use the DVD format. Of course DVD is the cheaper format but the quality is awful. On average you're getting around 6mbps with lows down at 2mbps and highs of around 10mbps (if you're lucky)
https://en.wikipedia.org/wiki/DVD-Video#Data_rateWith Blu-Ray you can get a maximum bitrate of 40mbps, if you're working only with DV that's more than normal DV video (29mbps). Not only does the quality go up, but with Blu-Ray having so much space on the disk there are tons of room for extras. The Final Flare Blu-Ray has nearly 2 hours worth of content on it which should give you an idea as to the potential.
In recent times people have been craving physical releases of skate videos. Although streaming skate videos is easy, it isn't for ever. Copyright strikes, websites closing down, getting lost in the cluster-fuck of constant new media being pushed in your face, all of these things pose a possible threat to full lengths. With a physical release you actually get something. You
own it. With a digital download unless it's directly saved to your hard-drive you're basically renting it and it can be easily
taken away from you at any time.
Most people these days own a games console something like an Xbox One, or a PS4, hell even a PS3. All of these devices can playback Blu-Rays. If you haven't got any of these, in the UK you can pick up a bog standard Blu-Ray player for under £70. Although Blu-Ray isn't as popular as DVD, most likely due to the advent of streaming, younger people are still keeping physical media alive (
https://www.insidehook.com/article/arts-entertainment/why-millennials-refuse-to-let-go-of-physical-media-vinyl-records ) Of course DVD/Blu-Ray sales have plummeted over the last few years (
https://thedigitalbits.com/columns/my-two-cents/070720-1500 ) and skate videos sold on DVD aren't selling like they used to, people are still releasing them and people are still buying them.
DVD's are cheaper in pretty much everyway and for most people that's the main thing and that's fine for them. For me however I want the best possible quality (if there was a way to purchase an uncompressed skate video I'd buy it) not only for personal preference as a customer/consumer but also for archival purposes.
People are still shooting skate videos on a 25 year old camera & they want to retain that look and sound that introduced them to skating and to some of their favorite skaters. For a while VHS was the best option, then it was DVD, then it was YouTube. Although early on DVD did the VX1000 some justice as to retaining resolution the bitrate was still hammered. YouTube wasn't any better with most 360p/480p uploads hit hard with heavy compression making most videos look like mush. In 2020 however things are a bit better, using the 4K trick on YouTube where you export your finished video in 4K (even if it was shot in SD or HD) then upload it to YouTube it allows more bandwidth to your video meaning less compression. There are websites like skatehype advertising it's 60p feature for SD videos however it is only a few months before a big brand comes in with a ban-hammer and gets the videos taken down or the whole website. If you plan on releasing your full length on skatehype you should probably have a backup on Vimeo or YouTube when the copyright swat team hit the website.
What I'm getting at is that if companies making skate videos actually care about quality they'd release videos not only on DVD but also on Blu-Ray. Of course this is unlikely to be the case. What is most important to the big brands is how many they will sell and of course DVD would out sell a Blu-Ray, I'm not hear to completely change people's minds on DVD's. For 95% of the skateboarding community DVD is more than enough and is preferable over a YouTube upload. But for the few that care, Blu-Ray is the way to go.
Independent video makers will likely stick to DVD as that is the cheapest for them and that's understandable but they could also offer up a HD/source quality download alongside the DVD release (maybe coming with a code inside the DVD case). Orwellian World Landscape skateboards earlier this year gave out HD downloads of their past videos for free (I believe this was due to lockdown) as well as scans of interviews and other cool stuff. Shout out to Al!
http://owlskateboards.co.uk/ This method of releasing a video (with a paywall of course) is a good step in the right direction however it still has the same issues as I've already mentioned.
This is just my opinion of course and sadly I doubt Blu-Rays will make a comeback in the future of skate video releases but it's worth hoping for.