19 February 2008
Toshiba has announced it will stop making its high definition DVDs, ending a battle with rival format Blu-ray over which would be the industry standard.
Following a review of its business, Toshiba said it would stop production of HD DVD players and recorders.
The HD DVD format has suffered a number of blows as major US film studios backed the Blu-ray format, which is being developed by electronics firm Sony and partners.
Analysts said the move would allow Toshiba to focus on other products.
Although the company's shares have climbed on optimism it would drop HD DVD production. Toshiba president Atsutoshi Nishida commented:
We concluded that a swift decision would be best.
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