Toshiba bails on next-gen DVD negotiations

— 1:56 AM on August 24, 2005

Toshiba has given up on talks with Sony that sought to define a common next-gen DVD standard. Without a common format, Toshiba and Sony will promote their respective HD DVD and Blu-ray standards, potentially splitting the market.

"It is regrettable but unavoidable that two formats will remain (on the market)," Kyodo News agency quoted an unnamed Toshiba official as saying.
According to reports, Sony had stipulated that any compromise favor its Blu-ray standard, so Toshiba's exit from negotiations comes as no surprise.
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