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TOKYO, Feb 16 (Reuters) : Toshiba to exit HD DVD, end format war-NHK. Toshiba Corp is planning to stop production of equipment compatible with the HD DVD format for high-definition video, allowing the competing Blu-Ray camp a free run, public broadcaster NHK reported on Saturday. While the USA was almost the only largest country where the HD-DVD had its chance, the announce of Walmart to stop supporting the HD-DVD this Friday was a big blow for the Japanese Company. 
Toshiba is expected to suffer losses amounting to tens of billions of yen (hundreds of millions of dollars) to scrap production of HD DVD players and recorders and other steps to exit the business, Japan's NHK said on its website. The format war between the Toshiba-backed HD DVD and Sony Corp's Blu-Ray, often compared to the Betamax-VHS battle in the 1980s, has slowed the development of what is expected to be a multibillion dollar high-definition DVD industry. SOURCE
Last update : 16-02-2008 08:53
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