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Posts Tagged ‘wal-mart’

Toshiba to give up on HD DVD

Posted by Yaser on February 17, 2008

Toshiba Corp is planning to stop production of equipment compatible with the HD DVD format for high-definition video, allowing the competing Blu-Ray camp a free run, public broadcaster NHK reported on Saturday.Toshiba is expected to suffer losses amounting to tens of billions of yen (hundreds of millions of dollars) to scrap production of HD DVD players and recorders and other steps to exit the business, Japan’s NHK said on its website.
No one at Toshiba could be reached for comment.

The format war between the Toshiba-backed HD DVD and Sony Corp’s Blu-Ray, often compared to the Betamax-VHS battle in the 1980s, has slowed the development of what is expected to be a multibillion dollar high-definition DVD industry.
Toshiba was dealt a blow on Friday when Wal-Mart Stores Inc said it would abandon the HD DVD format, becoming the latest in a series of top retailers and movie studios to rally behind Blu-ray technology for high definition DVDs.

Toshiba plans to continue selling HD DVD equipment at stores for the time being but will not put resources into developing new devices, NHK said.

Source: NHK, Reuters

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Wal-Mart will sell only Blu-Ray movies

Posted by Yaser on February 17, 2008

Wal-Mart Stores Inc has decided to exclusively sell high-definition DVDs in the Blu-Ray format, dealing what could be a crippling blow to the rival HD DVD technology backed by Toshiba Corp. The move by the world’s largest retailer, announced on Friday, caps a disappointing week for HD DVD supporters, who also saw consumer electronics chain Best Buy Co Inc and online video rental company Netflix Inc defect to the Blu-ray camp. In a statement on its Web site, Wal-Mart said that over the next few months it will phase out sales of HD DVD systems and discs. By June, it will sell only products in the Blu-ray format which was developed by Sony Corp.“We’ve listened to our customers, who are showing a clear preference toward Blu-ray products and movies with their purchases,” said Gary Severson, a Wal-Mart senior vice president. The move affects 4,000 Wal-Mart and Sam’s Club stores in the United States, as well as related online sites. The stores will continue to sell traditional DVD players and movies. The so-called format war between HD DVD and Blu-ray has been a thorn in the side of retailers, which have had to commit shelf space to devices from both camps even as they field complaints from frustrated and confused customers. Next-generation DVDs and players, boasting better picture quality and more capacity, were expected to help revive the $24 billion global home DVD market. But Hollywood studios had initially split their alliances between the two camps, meaning only certain films would play on a consumer’s DVD machine.

Source: AP

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