Join the largest consumer electronics community of the world! Register now and join 403,173 other members (1904 online now)
HD DVD debacle costs Toshiba 1 billion dollar
Posted on 14/03/08 13:22 by Jan Willem
If you're wondering what the consequences are for Toshiba in pulling the plug on HD DVD, then you should read on. The Japanese electronics giant that was the main backer of the HD DVD format is expected to book a nearly 1 billion dollar loss on its high definition DVD business.
The loss is caused by production line changes and other charge that would double the expected loss of the company.
When Toshiba announced its withdrawal from HD DVDs last month, it had HD DVD agreements with studios such as NBC Universal's Universal Pictures, Viacom's Paramount Pictures and DreamWorks Animation SKG, rumours are that the company paid big for these agreements.
more cdfreaks.com news
1
04:00
1
08:22
4
05:50
14
05:47
5
05:20
0
18:46
0
17:30
Reactions
Discuss this article with your fellow community members! We appreciate your valuable input, but please keep the reaction policy in mind and make sure your reaction is constructive.
Might be interesting to compare this number to the actual amount of money that the BD group has lost thus far. I'd be surprised if it wasn't a lot more.
This is business. When the stakes are high you either get a pile of money or lose one.
In any case, I'm not too worried about the well being of Toshiba.
This message was edited at: 18-03-2008 15:22
This message was edited at: 18-03-2008 15:22
That's relatively the same as Joe Average Citizen losing a 100 dollar bill. They've already recovered from the 'loss' I'm sure.Top news
Written by Michael Barkoviak
Written by Michael Barkoviak
Written by Seán Byrne
Written by Michael Barkoviak
Our Community messages
Happy Birthday to you BIGSEN25 
Crabbyappleton thank you for your reaction in the news section. 
beef barley just logged in, Good to see you back!