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.