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Report: Toshiba to Drop HD DVD Very Soon

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hddvdvsbluray.jpgAre you surprised? Not I. The latest rumors concerning HD DVD aren’t pleasant. The Hollywood Reporter posted an article a few hours ago stating that Toshiba is going to be pull the plug on the dying Red format, HD DVD.

The Hollywood Reporter cites the reason as follows: “the substantial loss Toshiba is incurring with each HD DVD player sold — a figure sources say could be as high as several hundred dollars — coupled with a series of high-profile retail defections has driven the company to at last concede defeat”.

The source also states that “An announcement is coming soon,” and “It could be a matter of weeks.”

It’s time for the HD DVD format-icide watch!

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