Tag Archive: Craig Kornblau

In the wake of Toshiba officially cancelling its HD DVD high-definition disc format, more companies are lining up to support Sony’s victorious Blu-ray technology—including some that were HD DVD stalwarts. Universal Pictures, the only studio to have backed HD DVD exclusively since the inception of the high-def format war, has announced it will release future movie titles in Sony’s Blu-ray format.

“The emergence of a single, high-definition format is cause for consumers, as well as the entire entertainment industry, to celebrate,” said Universal Studios home president Craig Kornblau, in a statement. “While Universal values the close partnership we have shared with Toshiba, it is time to turn our focus to releasing new and catalog titles on Blu-ray.”  Read more...

Toshiba Corporation has announced it is substantially cutting its sales targets for HD DVD players in the wake of lackluster sales figures in the United States. Toshiba says it now expects to sell 1 million HD DVD players in North America by the end of 2007, a substantial reduction from its initial sales goal of 1.8 million players by the end of the year. “Sales in the U.S. have been slower than expected, and we are going to have to lower our U.S. sales forecast,” Yoshihide Fujii, head of Toshiba’s digital consumer business, told Reuters. The cutback will also impact Toshiba’s worldwide sales goals for HD DVD players.