Japan's Toshiba waved the white flag in the home movie war, giving up on its HD DVD format
after losing the support of key studios and retailers to Blu-ray technology backed by Sony.
The decision ends a war between rival consortiums led by Toshiba and Sony vying to set the standard high-definition movies on DVDs, and which has stalled a shift to the new technology in the $24 billion home DVD market.
Toshiba, which had hoped HD DVD would become a growth driver for its consumer electronics business, said it would start reducing shipments of HD DVD players and recorders and aim to
close out the business by the end of next month.