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Toshiba to give up on HD-DVD, concede to Sony Blu-Ray
By MarketWatch
Last Update: 2:12 AM ET Feb 17, 2008
TEL AVIV (MarketWatch) - Toshiba Corp. is likely to concede to Sony Corp. in the battle to determine the future of DVD-format technology, people familiar with the situation told The Wall Street Journal.
Toshiba may this week give up on its HD-DVD video format, leaving Sony's (SNE: news, board) competing Blu-ray technology as the standard, reported.
Last month, the Warner Bros. division of the New York entertainment giant Time Warner Inc. (TWX: news, board) decided to support only Blu-ray. That reduced the choices of movies for consumers who bought HD-DVD-format equipment, the paper reported.
On Friday, Wal-Mart, (WMT: news, board) the world's No. 1 retailer, dealt the latest in a series of retailing blows to the HD-DVD format. The Bentonville, Ark., company said it would sell only DVDs and hardware formatted to the Blu-ray standard.
Netflix, (NFLX: news, board) the Los Gatos, Calif., video-rental provider, and Best Buy Co., (BBY: news, board) the Richfield, Minn., electronics retailer, also have said they would side with Blu-Ray.
By MarketWatch
Last Update: 2:12 AM ET Feb 17, 2008
TEL AVIV (MarketWatch) - Toshiba Corp. is likely to concede to Sony Corp. in the battle to determine the future of DVD-format technology, people familiar with the situation told The Wall Street Journal.
Toshiba may this week give up on its HD-DVD video format, leaving Sony's (SNE: news, board) competing Blu-ray technology as the standard, reported.
Last month, the Warner Bros. division of the New York entertainment giant Time Warner Inc. (TWX: news, board) decided to support only Blu-ray. That reduced the choices of movies for consumers who bought HD-DVD-format equipment, the paper reported.
On Friday, Wal-Mart, (WMT: news, board) the world's No. 1 retailer, dealt the latest in a series of retailing blows to the HD-DVD format. The Bentonville, Ark., company said it would sell only DVDs and hardware formatted to the Blu-ray standard.
Netflix, (NFLX: news, board) the Los Gatos, Calif., video-rental provider, and Best Buy Co., (BBY: news, board) the Richfield, Minn., electronics retailer, also have said they would side with Blu-Ray.