Toshiba drops HD DVD; Blu-ray wins

The rumors were true. Japanese news source NHK (english translation and Reuters validation) is reporting that Toshiba is planning to drop support of HD DVD, striking a final blow to the format and conceding victory to Blu-ray. The Sony-backed high-definition disc has been gaining strides for some time, most notably after Warner Bros switched to Blu-ray exclusively. Toshiba is expected to face hundreds of millions of dollars in losses.