HD-DVD Shutdown to Cost Toshiba $1 Billion
Submitted by: DudeofDeath @ 11:02 AM | Friday, March 14, 2008 | (url: http://www.reuter...)
Reuters reports that Toshiba stands to lose $986 million due to the shut down of its HD-DVD business, according to reports from Japanese media sources. Toshiba cut its losses last month on the HD-DVD movie format thanks to both movie studios and retailers abandoning the format in favor of Blu-Ray. Toshiba has not officially comments on this newest report.
- Comments (3)
You know with the amount of money Sony's thrown at Bluray, it honestly wouldn't shock me if they told Toshiba "You shut down and we'll pick up the tab".
Maybe thats why Sony paid so much to companies to switch over, they would have lost a bundle too.
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