Can you hear the screams? That's the thousands of people left holding the bag, starting with the people that got sucked into buying HD-DVD players by both Black Friday sales and by Microsoft cutting the price on the HD-DVD drive for the Xbox 360. Ouch.
TOKYO (Reuters) - 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.
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.
No one at Toshiba could be reached for comment.
[From Toshiba to exit HD DVD, end format war-NHK | Reuters]
The sad thing is I am still to watch a single HD-DVD drive in action. Only HD discs I have seen are Blu-ray demos at Best Buy.
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