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HD DVD's Loss in Format War Could Cost $1B For Toshiba

13 Mar, 2008 By: Chris Tribbey

Losing the format war could cost Toshiba Corp. nearly $1 billion, Japan's Nikkei newspaper reported March 13.

Toshiba's decision to give up on the HD DVD format after the format lost to Blu-ray Disc in the battle to replace DVD will double the losses Toshiba had expected to incur this year on next-generation discs, the business daily reported. Production line changes was one major contributor to the estimated $986 million figure, the Nikkei reported.

“We did not announce this, and therefore we cannot comment,” a Toshiba spokeswoman told Reuters news service.

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