Report: Format war over, Toshiba to exit HD DVD

Courtesy GameRush Entertainment: Feeds  Sat, 02/16/2008 - 20:26

Toshiba Corp. is reportedly planning to stop production of equipment compatible with the HD DVD format for high-definition video, giving the competing Blu-ray camp a free run.

According to the report from Reuters, which cited public broadcaster HDK as its source, as Toshiba scraps production of HD DVD players, recorders, and takes other steps to exit the business, losses are expected to hit hundreds of millions of dollars.

Like the Betamax-VHS battle in the 1980s, the format war between Toshiba-backed...

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