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Toshiba blanks HD-DVD death reports as shares surge on the news

Toshiba has issued a statement saying that the fat lady hasn't sung quite yet on HD-DVD, despite reports from both NHK and Reuters to the contrary.

"The media reported that Toshiba will discontinue its HD-DVD business," said a spokesperson. "Toshiba has not made any announcement concerning this. Although Toshiba is currently assessing its business strategies, no decision has been made at this moment."

Toshiba's shares are up 6 percent in Japanese trading today, pushed by the news that Toshiba is making a sensible exit from a potentially damaging contest with Blu-ray in the next gen disc space. A final announcement from Toshiba is expected on Tuesday.

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Patrick Garratt

Founder & Publisher (Former)

Patrick Garratt is a games media legend - and not just by reputation. He was named as such in the UK's 'Games Media Awards', the equivalent of a lifetime achievement award. After garnering experience on countless gaming magazines, he joined Eurogamer and later split from that brand to create VG247, putting the site on the map with fast, 24-hour a day coverage, and assembling the site's earliest editorial teams. He retired from VG247, and the games industry, in 2017.

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