"The media has reported that Toshiba will discontinue its HD-DVD business. Toshiba has not made any announcement concerning this," the company said.
"Although Toshiba is currently assessing its business strategies, no decision has been made at this moment."
Last week it emerged that the format war is holding back DVD sales. The latest Consumer Behaviour Report from PriceGrabber.com shows that consumers are "indecisive" because of the ongoing battle between the rival formats.
Consumers are expected to stick to traditional DVD and VHS players until either Blu-ray or HD-DVD takes a clear lead.
Warner Bros' recent withdrawal of support for Toshiba's HD-DVD format has intensified the debate as to whether Blu-ray or HD-DVD will dominate.
The survey results revealed that 54 percent of those who anticipate buying a high-definition product in the next year will pick a Blu-ray player over an HD-DVD player, a standard DVD player and integrated video game consoles.
Meanwhile, 37 percent of men and 42 percent of women surveyed do not anticipate purchasing any high-definition product in the near future.
Toshiba expected to drop HD-DVD
By Clement James on Feb 19, 2008 3:28PM