Toshiba to discontinue HD DVD production

Posted on 19 Mar 2008 by The Manufacturer

Japanese electronics firm Toshiba has predicted that the decision to stop making high definition DVD players, coupled with falling flash memory chip prices, will damage its 2007 profits to the effect of 125 billion yen (£0.63 billion, $1.26 billion).

Toshiba decided to stop making HD DVD players and recorders following Warner Bros’ decision to only release its films in the format of its rival, Blu-ray.

Sony Pictures, Walt Disney and Twentieth Century Fox had all chosen the Sony-supported Blu-ray format from the start.