Toshiba to give up on HD DVD, end format war: source
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Toshiba Corp  is planning to give  up on its HD DVD format for high definition DVDs, conceding  defeat to the competing Blu-Ray technology backed by Sony Corp  , a company source said on Saturday.
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Investors on Monday welcomed Toshiba's signals that it may abandon the HD DVD format, surrendering to rival Sony's Blu-ray in the battle to set the next standard of high-definition DVDs.
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With rumors swirling that Toshiba is about to scrap HD DVD altogether, the largest retailer in the world says it, too, is choosing to support Blu-ray Disc.
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The Japanese electronics giant threw in the towel on its HD DVD technology, announcing that it would no longer develop, produce or market disc players for the format.
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Toshiba Corp. on Monday announced an aggressive campaign to bolster its HD DVD movie disc format against Sony-backed Blu-ray technology, cutting prices on players to as low as $149.99.
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General Electric Co's   Universal Pictures, one of a few studios using the Toshiba  Corp-backed  HD DVD format, said on Tuesday it will  switch to the rival Blu-ray format now that Toshiba has  officially pulled the plug on HD DVD.
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What many saw coming officially arrives on Tuesday with an announcement by Toshiba that it will no longer make HD DVD players, ceding the field to Blu-ray.
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Japan's Toshiba Corp  waved the white flag in the home movie war, giving up on its HD DVD format after losing the support of key studios and retailers to the Blu-ray technology backed by Sony Corp .
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Tokyo, December 8: Toshiba Corp and a Japanese disc maker said on Tuesday they had developed a disc that can store content in both conventional and high-definition DVD formats, in a move they hope will strengthen their hand in a battle for the next
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More than a week after  being dealt a potentially mortal blow by the defection of  Warner Home Video to the Blu-ray Disc camp, HD DVD developer  Toshiba is striking back.
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Toshiba said four major Hollywood studios had thrown their crucial weight behind High Definition DVD (HD-DVD), one of two disc formats contending to be the standard in next-generation DVDs.
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Toshiba said Tuesday it will no longer develop, make or market HD DVD players and recorders, handing a victory to rival Blu-ray disc technology in the format battle for next-generation video.
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So Toshiba finally threw in the towel on its HD DVD format today, making Blu-ray  the winner in the hi-def war. Consumers, however, could be the losers because without competition, there's no incentive for cheaper Blu-ray players.
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Toshiba Corp  is planning to give  up on its HD DVD format for high-definition video, conceding  defeat to the competing Blu-Ray technology backed by Sony Corp  , a company source said on Saturday.
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Japan's Toshiba Corp  waved the  white flag in the high-definition home movie war on Tuesday,  giving up on its HD DVD format after losing the support of key  studios and retailers to the Blu-ray technology backed by Sony  Corp .
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Japan's Toshiba Corp  will announce plans to cease production and sales of HD DVD players on Tuesday, the Nikkei business daily said.
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Toshiba Corp said on Sunday its HD DVD high-definition video format is not dead despite being dealt a big setback by Warner Bros studio's decision to exclusively back Sony Corp's rival Blu-ray technology.