Toshiba Makes It Official: Warner Bros. Was The Death Blow, A ‘Bolt From The Blue’
By Staci D. Kramer - Tue 19 Feb 2008 07:21 PM PST
Toshiba made official today what essentially has been reality since Warner Bros. announced just before CES that it was opting for Sony’s (NYSE: SNE) Blu-Ray over the HD-DVD format. NYT: Toshiba CEO Atsutoshi Nishida told reporters at a news conference at Toshiba’s headquarters in Tokyo: “The sudden change by Warner Brothers was like a bolt from the blue. We had no more prospect of winning this competition.” Then came Wal-Mart’s (NYSE: WMT) decision last week.
Toshiba will halt all production by the end of March, but will offer customer support for several years. The company has no plans to produce Blu-Ray players.
Posted in: Companies, Sony, Entertainment, Movies, Gadgets
Tags: hd dvd, toshiba, blu-ray,
