Earlier today, Japan's
public broadcaster, NHK, reported that Toshiba was going to pull the plug on the HD DVD format. An anonymous source at Toshiba has now
told Reuters that the company is working on an exit plan and an official announcedment could come as early as
next week.
A source at Toshiba confirmed an earlier report by public broadcaster NHK that it was getting ready to pull the
plug.
"We have entered the final stage of planning to make our exit from the next generation DVD business," said the source, who
asked not to be identified. He added that an official announcement could come as early as next week.
According to the original report, Toshiba will continue to sell HD DVD players
for a while but will stop further development of the format.
