BBC now confirms that toshiba president says its over

[Link: news.bbc.co.uk]

"We concluded that a swift decision would be best," Toshiba president Atsutoshi Nishida said.

Toshiba said the tipping point came last month when Warner Bros' followed a number of other film studios in deciding to release its movies only in the Blu-ray format.

"If we had continued, that would have created problems for consumers, and we simply had no chance to win," he said.

"It shows what a highly competitive market it is. When it comes to video, it is the person with the most content that wins," Gartner analyst Paul O'Donovan said.

and there is this on the Toshiba web site

[Link: toshiba.co.jp]