Wal-Mart to exclusively sell Blu-ray DVDs
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Fri, 15 Feb 2008 18:31:09 GMT |
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Reuters |
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US (Business) |
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NEW YORK (Reuters) - Wal-Mart Stores Inc on Friday said it plans to exclusively back the Blu-ray high definition movie format, the latest blow to the rival HD DVD camp backed by Toshiba Corp <6502.T>.In a statement on it Web site, Wal-Mart said that over the next few months it will phase out sales of HD DVD systems and discs, and by June will sell only Blu-ray products.The decision marks the third retailer this week to turn its back on HD DVD in favor of Blu-ray, which was developed by Sony Corp <6758.T>.(Reporting by Franklin Paul; editing by Phil Berlowitz)
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