PLAYSTATION 3 (PS3)Netflix backs Blu-ray exclusively
Market Watch - February 11, 2008
Submitted by sonycowboy (510)
at 8:33AM PST on February 11, 2008
SAN FRANCISCO (MarketWatch) -- The HD-DVD format by took another blow Monday as online video-rental giant Netflix pledged to offer high-definition DVD's only in the rival Blu-ray format.
In a statement, Netflix said it based its decision on the fact that four of the six major studios are going give exclusive backing to Blu-ray, made by Sony. It plans to phase out its offering of HD-DVD disks, from Toshiba, by the end of the year.