Blu-ray the victor in next generation DVD war

http://www.smh.com.au/news/articles/bluray-the-victor-in-next-generation-dvd-war/2008/02/18/1203190700636.html

The high definition disc format wars could be over after reports revealed that the main backer of HD DVD, Toshiba, is preparing to fall on its sword.

The move would mean consumers won't have to worry about choosing a format that could eventually become obsolete. But the reduced competition could eliminate incentives for the rival Blu-ray camp to keep prices low.

A Toshiba source, speaking to Reuters, confirmed earlier reports that the company was planning to concede defeat as early as this month.

Earlier, a report by Japanese public broadcaster NHK said Toshiba would soon discontinue all HD DVD production and close factories in Japan. It estimated the move would cost Toshiba hundreds of millions of US dollars.

It follows a series of defections to the Blu-ray camp by major US retailers, which came on the back of already disappointing sales and movie studio support for HD DVD.....