Reuters reports that Toshiba is planning to stop production of equipment compatible with the HD-DVD format for high-definition video, allowing the competing Blu-Ray camp a free run.
The electronics manufacturer had lowered prices of players so much that they were losing money on every unit sold.
After many defections from HD-DVD to Blu-Ray including Blockbuster and Netflix, the crushing blow came from Wal-Mart.
The HD-DVD format was well liked, but not by enough people. Besides, if Wal-Mart won't stock it, you may as well give up.
So rest in peace HD-DVD, you were destined to be the Betamax of the 21st century.
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