Wednesday, September 5, 2007

LG cuts price of dual HD DVD player

Via Reuters:

South Korea's LG Electronics Inc (066570.KS: Quote, Profile, Research) introduced on Wednesday an updated version of its high-definition DVD player that supports both Blu-ray and HD DVD, offering a possible solution to the format war.

But at about $1,000, the BH200 "Super Blu Player," while 16 percent less than the model LG unveiled in January still costs twice as much as stand-alone Blu-ray or HD DVD players.

That earlier model shown at the Consumer Electronics Show was the first to combine Sony Corp's (6758.T: Quote, Profile, Research) Blu-ray standard and Toshiba Corp's (6502.T: Quote, Profile, Research) HD DVD. The goal is to satisfy high-end customers frustrated by the format war that has divided consumers, electronics makers and movie studios and angered retailers.
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