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|17th February 2008, 10:15||#1|
Join Date: May 2002
Toshiba to end HD-DVD production
Japan's electronics giant Toshiba Corporation will withdraw from high-definition DVD production. Sources say Toshiba plans to stop producing HD-DVD players and recorders at its plant in Aomori Prefecture, northern Japan, and further development of the products.
The plan will probably be officially decided at the company's board of directors extraordinary meeting early this week.
Toshiba is expected to continue to sell HD-DVD products for a while, and announce support measures for users as soon as the decision is officially made. Toshiba has been struggling with its version of DVD format, called HD-DVD, in a fierce battle with the Blu-ray format backed by Sony, Panasonic, and Hitachi.
The wide adoption of the Blu-ray format by US movie studios and retailers apparently prompted Toshiba to decide to withdraw from the HD-DVD business. Electronics firms expect the end of the high-definition DVD race to boost sales of the products.
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