We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
80,259 News Articles

Report: Toshiba to kill HD DVD standard

Toshiba shares surge on HD DVD talk

Toshiba is considering pulling the plug on its HD DVD format, according to reports in Japan. The rumours have been welcomed by investors, with Toshiba's shares up 5 percent in Monday trading.

At the market close Toshiba shares were trading at ¥829, up ¥45 on Friday's close. The overall market, as measured by the Nikkei 225 index, was only slightly higher on the day.

Toshiba has been ploughing money into promoting the format for the last two years to battle stiff competition from Blu-ray Disc, a rival format backed by Sony. To promote sales Toshiba has also been deeply discounting players but the last few weeks have seen HD DVD's chances of victory substantially reduced.

In January Warner Bros said it would drop HD DVD later in the year leaving the format with only Paramount and Universal among major studios. Then last week Netflix, Best Buy and Wal-Mart all said they would soon stop selling HD DVD discs.

Japanese television reported that Toshiba has stopped production at its factory in Japan and is currently considering HD DVD's future.

Sony shares closed up 1 percent at ¥4,900.

Related comment

Victory for Blu-ray Disc over HD DVD?


IDG UK Sites

Nexus 6 vs Samsung Galaxy Note 4 comparison: What's the best Android phablet?

IDG UK Sites

The iPhone is doomed. Doomed to be marginally less successful than a very successful thing.

IDG UK Sites

How to prototype native mobile apps without writing code

IDG UK Sites

How to prepare for and update to OS X Yosemite: Get your Mac ready to download & install Apple's...