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Toshiba expected to formally announce HD-DVD drop imminently

According to this, Toshiba is expected to formally announce the demise of the HD-DVD format "within the next few days - not weeks."

Japanese publication NHK confirmed the decision on Saturday, with Reuters subsequently backing up the story.

"The company source told Reuters that Toshiba was in the final stages of planning to exit the HD DVD business and that an official decision would be made soon," said the news agency on Saturday.

Toshiba said this morning that, "We are considering our future business policies and plans, and studying the market response [to recent developments]."

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