Toshiba quits HD DVD business

Toshiba said today 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.

Toshiba said today 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.

The company said in a statement that the decision followed a thorough review of its overall strategy.

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