Well that's it kids!!!
Although no official word from Toshiba, a report on Japan's NHK said that Toshiba has decided to pull from the next generation of high definition DVD production. Obviously this doesn't come as a surprise to anyone following the HD format war. With the decision of Wal-Mart, Netflix, and Best Buy going exclusively to Blu-Ray this week, it was just a matter of time for Toshiba to end production on HD DVD.
The NHK report states that HD DVD products will stay on the market for a while, Toshiba will cease production of HD DVD and will close factories in northern Japan. The report says that Toshiba will take a financial hit in the ball park of "hundreds of millions of U.S. dollars". The official announcement is set to come sometime next week.
So if you find that HD DVD player you've alway wanted for the low low price you were looking for, there is a reason.
[NKH via Crave]
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