Toshiba Pulls the Plug on HD DVD - Ends Format War
Posted by XanTium | 16-2-2008 22:22 EST
Toshiba Corporation has decided to withdraw from next generation high-definition DVD production.
The company said it will continue to sell HD-DVD products for a while but will stop further development of HD DVD. Meanwhile, it said its DVD factories in Aomori Prefecture, northern Japan, would be closed.
Market observers said that Toshiba could suffer a loss of hundreds of millions of US dollars.
Full Story: nhk.or.jp