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Thursday, January 04, 2007
SEOUL: South Korea's LG Electronics Inc. said on Thursday it would launch a DVD player that supports both Blu-ray and HD DVD as a format war over next-generation DVDs.
LG was a high-profile supporter of the Blu-ray format, backed by Sony Corp. until it said early last year it would join the Toshiba Corp.-led HD DVD camp as well.
The two standards are gearing up to compete for the $24-billion-a-year home video market.
LG's dual-format high-definition disc player will be launched in the United States in early 2007, the company said in a statement. It did not provide further details.
High-capacity DVD discs are needed in order to store high-definition movies on a single disc. Those movies provide five to six times more picture detail than the standard definition used in normal DVDs.
Blu-ray says it offers higher capacity while HD DVD says it offers a cheaper system which is compatible with the current DVD standard.
Source: Reuters
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