On the same day that Fidel Castro steps down as president of Cuba, Toshiba quits the HD-DVD business. COINCIDENCE??
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.
“We concluded that a swift decision would be best,” Toshiba President Atsutoshi Nishida told reporters at his company’s Tokyo offices.
Nishida said last month’s decision by Warner Bros. Entertainment to release movie discs only in the Blu-ray format made the move inevitable.
“That had tremendous impact,” he said. “If we had continued, that would have created problems for consumers, and we simply had no chance to win.”
It is assumed Nishida was also somewhat relieved, as his company will now no longer have to field those constant “when is blankety blank going to be on HD-DVD?!?” phone calls and emails.
