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Panasonic parent Matsushita has announced a massive jump in profits as part of its latest quarterly financial statement. Thanks to strong sales of AV gear and home appliances profits climbed 46 per cent. Net income rose to 115.2 billion yen from 78.7 billion yen YOY. Overall sales saw a 4 per cent drop, but this [...]

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While the profitability of its overall electronics business appears dented because of worldwide price erosion in flat-panels, Sony has still managed to report a jump in profit for the last quarter as its PlayStation 3 business finally stopped gouting money. Production cost-cutting and growing sales of the price-reduced next-gen console have reaped dividends. In its [...]

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One of the leading pro-authoring companies is turning its back on HD DVD. Sonic Solutions has confirmed that it’s pulling the plug on its Scenarist HD DVD suite. The company says that it wants to concentrate on Blu-ray authoring, developing creation software for web-enabled BD Live features. Clients which have HD DVD authoring tools will [...]

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JVC has found a new partner in its battle to claim a slice of the booming LCD TV market. The company is on the verge of announcing a tie-up with Funai in which they will agree to supply LCD TVs for the global market under each other’s brand names. Funai will badge 19-32inch TVs it [...]

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HD DVD players have made a modest sales bounce-back, according to new data released by the NPD Group. Toshiba’s post-CES price cuts are thought to be responsible. During the week ending January 19, it’s been reported that 16,496 dedicated BD players were sold in the US, compared to 8,639 units for HD DVD. This gave [...]

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Universal Studios executive vice president and HD DVD Promotional Group spokesman Ken Graffeo admits that the HD DVD camp has yet to address Warner’s defection to the Blu-ray camp, which comes into force in May, but denies that either Universal or Paramount are about to follow suit. “This is business as usual for us and [...]

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High street general store Woolworths, which began trialing HD disc sales last autumn, now says it will stock only Blu-ray discs after sales in the format outsold rival HD DVD 10-to-one. Woolies’ Steven McGunigel reasons: “Sales figures clearly show that the market is moving towards one format of high definition DVD. The main reason is [...]

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Is the HD format war over? Not according to Toshiba, which has booked a 30-second commercial slot for HD DVD to be screened in the US during the XLII Super Bowl on February 3. The high-profile slot will promote the company’s newly price-cut HD DVD players and is expected to cost the company around 2.7m [...]

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