Toshiba Dropping HD DVD?

Posted: Feb 18 2008, 9:02am CST | by , Updated: Aug 11 2010, 6:17am CDT, in News | Home Entertainment

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Since CES 2008 in Las Vegas where Warner announced that it would be producing its movies exclusively on Blu-ray HD DVD has been on death watch. Rumors and reports are circulating that claim Toshiba, the main maker of HD DVD hardware and a big supporter for the format may withdraw from the HD DVD market.

However, BBC News quotes a Toshiba spokesperson saying, “There have been media reports that Toshiba will discontinue its HD DVD business. In fact, Toshiba has not made any announcement or decision. We are currently assessing our business strategies, but nothing has been decided at the moment."

If we can’t say HD DVD is dead it is most certainly terminal and on life support. In the U.S. the large electronics retailers like Wal-Mart and Best Buy have already announced they will begin pushing Blu-ray over HD DVD if they don’t drop HD DVD altogether. If shareholders have any say about it, it seems Toshiba should drop HD DVD. Its stock is up on speculation that it will leave the floundering format.

Via BBC News

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