Best Buy/Netflix/Wal-Mart side with Blu-ray
Pretty big news for Blu-ray, Toshiba should just back out now before it gets even worse for them. They've gotten too use to the royalties from DVD, time to pass the torch Toshiba.
NEW YORK (Reuters) - Online video rental company Netflix Inc (NFLX.O: Quote, Profile, Research) said on Monday it would exclusively stock Blu-ray high-definition DVDs after a decision by some the world's biggest movie studios in favor of the Sony Corp (6758.T: Quote, Profile, Research) developed format.
Netflix has stocked DVDs using both Blu-ray and the competing HD DVD format developed by Toshiba Corp (6502.T: Quote, Profile, Research) since they first came on the market in early 2006.
Four out of six major Hollywood studios have recently decided to publish high-definition DVDs only using Blu-ray.
Netflix said that with such a clear signal from the industry, it will only buy Blu-ray discs going forward and will phase out stock of HD DVD by about the end of the year.
Best Buy/Netflix side with Blu-ray
More bad news for HD DVD. It seems that Best Buy has chosen a side and will recommend Blu-ray over HD DVD. They will continue to carry HD DVD products for those who wish to keep purchasing movies for their player but will recommend Blu-ray when asked.
Not a good way to start the week for Toshiba, this will definitely get the ball rolling though. One format is what's needed, consumer confusion could ruin HDM.
CHICAGO (Reuters) - Best Buy Co Inc, the largest U.S. consumer electronics chain, said on Monday it will recommend that consumers choose Sony Corp's Blu-ray high-definition video format.
The decision gives Sony yet another victory in the battle with Toshiba Corp's HD DVD to be the high-definition DVD format of choice.
Earlier on Monday, online video rental company Netflix Inc said it would exclusively stock Blu-ray DVDs after some of the world's biggest movie studios decided in favor of that format.
Best Buy said it believes consumers will benefit from the choice of one HD format.
"Because we believe that Blu-ray is fast emerging as that single format, we have decided to focus on Blu-ray products," Brian Dunn, Best Buy's president and chief operating officer, said in a statement.
Best Buy will prominently feature Blu-ray hardware and software beginning in March, but will also carry an assortment of HD DVD products for customers who want those, Best Buy said.