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Sunday February 17, 2008 3:53 pm
Toshiba Concedes to Blu-ray
Posted by Sheila Franklin Categories: Corporate News, Editorial, HDTV, Home Entertainment, Rumors
Toshiba has announced that it will stop using its HD DVD format. Since this company tried harder than most of the others, this undoubtedly marks the end of the disc war. The official announcement will probably be made in the next several days.
“We have entered the final stage of planning to make our exit from the next generation DVD business,” said a spokesperson from Toshiba who wished to remain anonymous. The company estimates they will lose hundreds of millions of dollars because of the concession.
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| Reuters
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