August 22, 2009

Toshiba Will Start Making Blu-ray Discs

Toshiba has applied for membership to the Blue-ray Disc Association, because the company plans to stop making HD-DVD products, and start making Blue-ray disc products instead. The reason for the change is financial: Toshiba lost $3.5 billion last year while Sony, Panasonic, and other Blue-ray companies saw an increase in market demand.

The decision to abandon HD-DVD in favor of Blue-ray has been compared to Sony's decision in the 1980s to stop producing betamax videotape and join its competitors in producing VHS products.

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