by Yesterday, it was reported that the new word on the street is that Toshiba may be giving up its support of the HD DVD format. A new report from Reuters reveals that the company will indeed be giving up the format. This is according to a source from the company.
Toshiba is reported to lose tens of billions of yen (that's equivalent to hundreds of millions of dollars) when they drop the format. They will lose their production line of HD DVD players, recorders, and other devices that support the format.
Reuters' source continues on to say that Toshiba is planning the final stages of dropping the HD DVD format. An official announcement is expected soon. How would this affect the console wars? We'll know pretty soon.
Source: QJ.net
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This is especially bad news for us Xbox 360 HD DVD owners! I bought mine this past fall and everything seemed to be going right for HD DVD, now it looks as if it's going down the tubes. :(
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