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Toshiba Announces Discontinuation of HD DVD Businesses
If it's any consolation, Toshiba "remains focused on championing consumer access to high definition content," but it won't be through HD DVD, the high def format that officially died today.
Posted February 19, 2008
By NEWSROOM, EVERGEEK MEDIA
 
Toshiba Corporation today announced that it has undertaken a thorough review of its overall strategy for HD DVD and has decided it will no longer develop, manufacture and market HD DVD players and recorders. The decision was made following recent major changes in the market. In a press release, Toshiba stated the company will continue to provide full product support and after-sales service for all owners of Toshiba HD DVD products.

HD DVD was developed to offer consumers access at an affordable price to high-quality, high definition content and prepare them for the digital convergence of tomorrow where the fusion of consumer electronics and IT will continue to progress.

"We carefully assessed the long-term impact of continuing the so-called 'next-generation format war' and concluded that a swift decision will best help the market develop," said Atsutoshi Nishida, President and CEO of Toshiba Corporation. "While we are disappointed for the company and more importantly, for the consumer, the real mass market opportunity for high definition content remains untapped and Toshiba is both able and determined to use our talent, technology and intellectual property to make digital convergence a reality."

    (photo courtesy of dbtechno.com)

 
 
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Newsroom Notes
Toshiba Announces Discontinuation of HD DVD Businesses

File Under:
Announcement, Toshiba, Blu-ray, HD DVD, High-Def, Television, Xbox 360
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