Toshiba Concedes Defeat in the DVD Battle
"TOKYO — The biggest consumer electronic format war in a generation is officially over.
Toshiba, the Japanese electronics giant, threw in the towel on its HD DVD technology Tuesday, announcing that it would no longer develop, produce or market disc players for the format. In doing so, it ceded victory to Sony’s competing Blu-ray format, which now looks set to become the global standard for high-definition DVDs."
This is similar to the competition between VHS and Beta formats in the early 1980s, although, it was Sony that was on the losing side in that technology face-off.
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