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Toshiba calls it quits and says Blu-ray is hi-def DVD format
Toshiba yesterday surrendered, saying it willingly giving up future sales and profits in the lucrative high-definition DVD market.
In giving up its fight for the HD DVD format as the next-generation HD DVD, Toshiba has conceded that Blu-ray will be the standard format. Blu-ray is backed by Sony, Matsushita Electric (which makes Panasonic-brand products), and five Hollywood studios.
