Toshiba quits HD DVD business
By Behind The Scenes TV on Feb 20, 2008 in DVD, Film Business
Toshiba said Tuesday it will no longer develop, make or market HD DVD players and recorders, handing a victory to rival Blu-ray disc technology in the format battle for next-generation video.
“We concluded that a swift decision would be best,” Toshiba President Atsutoshi Nishida told reporters at his company’s Tokyo offices.
The move would make Blu-ray — backed by Sony Corp., Matsushita Electric Industrial Co., which makes Panasonic brand products, and five major Hollywood movie studios — the winner in the battle over high-definition DVD formatting that began several years ago.
(Source: Yahoo)
Related posts:
- Toshiba says HD DVD “has not lost” despite Warner move to go Blu-Ray Toshiba Corp insisted on Sunday that its HD DVD...
- Toshiba to Lose Nearly $1 Billion on HD DVD Wars of all sorts are a costly matter. Countries...
- Sony’s CEO led his company to victory in the high-definition sweepstakes Howard Stringer made history in 2005 for being the...