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Netflix backs Blu-ray exclusively

Market Watch - February 11, 2008

Submitted by sonycowboy (515) 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.

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