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rumor

Forget Wal-Mart: Toshiba Giving Up On HD-DVD?

Well, I guess we can't blame the domination of the Blu-ray format on everyone's (least) favorite superstore, at least according to some sources: Toshiba is supposedly conceding defeat and withdrawing from the next gen DVD market. It should be noted that Toshiba has not made any official comment. A number of Kotakuites have sent us the Japanese source NHK and Reuters articles that are brief and to the point, citing an (anonymous) internal Toshiba source: Toshiba's been losing the war and is giving up, with official details to follow later.

The company said it will continue to sell HD-DVD products for a while but will stop further development of HD DVD. Meanwhile, it said its DVD factories in Aomori Prefecture, northern Japan, would be closed.

Market observers said that Toshiba could suffer a loss of hundreds of millions of US dollars.

Ouch, if it's true.

Toshiba plans to withdraw from HD-DVD production [NHK] and Toshiba to give up on HD DVD, end format war [Reuters]

11:30 AM on Sat Feb 16 2008
By Maggie Greene
7,553 views, 262 comments

Latest by n/a: @Edge of Blade: And I can't support a company that sells digital pictures to their users. more »

kotaku schwab

Majesco Gets Back on the Nasdaq Dancefloor


Majesco is back on top closing yesterday at a stellar $1.58 per share! Yes, before Thursday, Majesco was in danger of being delisted from the Nasdaq basically because it wasn't earning enough to really be considered a business: More »

12:40 PM on Fri Apr 27 2007
By Kim Phu
619 views, 12 comments

editorial

The Real Cost of Online Gaming?

On Morning Edition, NPR talked with Julian Dibbel (the author of this piece, which we blogged when we looked at the prospects of IRS taxing your gear in an MMO). Dibbell talks about his own earnings over the year by trading virtual wares (he made about $11,000), but he isn't going to be the one who starts reporting this to the IRS. As Dibbell jokes in the recording that he doesn't want to be the guy responsible for having game companies file a 1099 each time a " magic earring drops off of a dragon whelp." I wouldn't want to be that guy, either. But as I was listening to Dibbell, and then re-listening to the piece again I started to think about my own character in Blizzard's World of Warcraft. After all it is tax time, and my account is ten months old, so how would I trace my tax history for the year. More »

2:40 PM on Fri Feb 10 2006
By lsmith
133 views, 2 comments

Latest by Purple Dave: I pretty much agree with mendo, though I don't actually play any. MMOs are probably expensive enough for younger fans to keep up with as it is, without having to worry about paying the rest of their after-school job more »

activision

Activision Exec Buys $2 Million Home

Man, Activision must be doing much better than I thought. William Chardavoyne, chief financial officer for the company, just bought a $2.1 million dollar home in Scottsdale with his wife. It probably helps that his wife, Barbara Lopipero, is a senior veep of Sony Pictures Entertainment. More »

11:30 AM on Wed Aug 10 2005
By Brian Crecente
59 views