UFFICIALE; TOSHIBA ABBANDONA
Toshiba Quits HD DVD Business
44 minutes ago
TOKYO (AP) — 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.
The company said in a statement that the decision followed a thorough review of its overall strategy.
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.
"We concluded that a swift decision would be best," Toshiba President Atsutoshi Nishida told reporters at the company's offices in Tokyo.
THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP's earlier story is below.
TOKYO (AP) — 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.
The company said in a statement that the decision followed a thorough review of its overall strategy.
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.
"We concluded that a swift decision would be best," Toshiba President Atsutoshi Nishida told reporters at the company's offices in Tokyo.