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.