http://money.cnn.com/news/newsfeeds/...3308067742.htm
Best Buy Plans to 'Prominently Showcase' Sony's Blu-Ray Format Instead
of Toshiba's HD DVD
February 11, 2008: 04:24 PM EST
NEW YORK (Associated Press) - In another sign the high-definition DVD
race nearing the end, electronics retailer Best Buy Co. said Monday it
will "prominently showcase" Blu-ray hardware and software products
beginning in early March.
The electronics retailer did say it will continue to carry an assortment
of Toshiba Corp.'s HD DVD products for consumers who want to buy them,
but it will "prominently showcase" Sony Corp.'s Blu-ray format.
Earlier Monday, online movie rental company Netflix said it is switching
exclusively to Blu-ray as its high-definition format.
Toshiba and Sony have been vying to set the standard for high-definition
DVDs for several years, but the race is tilting toward Sony.
Walt Disney Co., Sony Corp.'s Sony Pictures, News Corp.'s Twentieth
Century Fox and Metro-Goldwyn-Mayer have endorsed Blu-ray. Paramount and
Universal Studios publish their high-definition DVDs in Toshiba's HD DVD
format. Many consumers have held off on buying a next-generation DVD
player until the dominant format is decided.
Best Buy's shares rose 67 cents to $47.37. American Depositary Shares of
Sony rose 51 cents to $43.50.