Rich Fiscus
16 Feb 2008 22:01
Reuters is reporting that a source within Toshiba is confirming the company is planning to drop HD DVD, and is currently in the final stages of working out their exit strategy, although the decision isn't official yet.
Although there has been a lot of speculation about how long Toshiba would be willing to stand behind the technology which has already cost them a lot of money to develop and promote, after Warner Bros. was convinced to back Blu-ray and drop HD DVD production later this year.
Although Toshiba and studio partners Paramount and Universal have very publicly stated that they have no plans to give up on HD DVD yet, a series of defeats, including this week's announcements from both Netflix and Wal-Mart that they'll be dropping the format to focus on Blu-ray.