The film was released on VHS on May 25, 1994. Initial fears in leadup to its release were in relation to the films status as "arty" and "non-mainstream," however its nominations and success at the Academy Awards guaranteed it profitability in the home video market.[58] It finished in the top 30 video rentals of 1994 in the United States.[59] It was released on DVD in 1997 by LIVE Entertainment and on Blu-ray on 31 January 2012 by Lionsgate, but already released in 2010 in Australia.[60]
On 11 August 2021, the Criterion Collection announced their first 4K Ultra HD releases, a six-film slate, will include The Piano. Criterion indicated each title will be available in a 4K UHD+Blu-ray combo pack, including a 4K UHD disc of the feature film as well as the film and special features on the companion Blu-ray. The Piano was released on January 25, 2022.[61]