Toshiba swallows a billion dollars on HD DVD
By Ryan Block 
posted Mar 12th 2008 10:20PM
posted Mar 12th 2008 10:20PM
There are spicy meatballs, and there are spicy meatballs -- and now there's a figure that will be tossed around for decades to come, one which will instantly represent the caution companies should take when embarking on another format war: a billion dollars. At least that's what Nikkei is reporting that Toshiba's losses on HD DVD totaled in 2007 alone: a ¥100b, or about $982m USD. It won't drive Toshiba under or anything, but you seriously have to ask yourself, was it really all worth it? [Warning: subscription req'd][Via Reuters]
No Problem, the deal Toshiba and Sony made on the new Fab plant and other side deals cut (killing the HD-DVD format) should help mitagte that loss and more:)
This.
...damn... thats all i gotta say...
...just think of the amount of people that can be fed and the many things that can be done with that same amount of money other than just throwing it away...
That pic pwns.
And that is a lot of cash to burn... hard lesson in business.
I have always been into electronics my whole life, and when I see a loss like that from any consumer electronics manufacturer-it is really sad news. Toshiba will, however, survive and move on. That's business, some win and some lose.
I wonder how much Sony would have lost if HD DVD won the format war. Either way, I don't think either side will start another format war for a while. Sony blew a lot of money ensuring their win. By the time the next format comes around I'm sure they will come to some sort of agreement.
sony would have lost much more - because it would have gone on much much longer...
I wonder how much it cost Sony to win? With all the payoffs, I am sure it was almost as much.
1 Billion.
LOL
HAHAHAHA yeah, but how much did Sony blow on this entire fiasco???? and how much are they STILL spending to "teach" consumers why they need HD...uh huh, it isn't happening.... no one's buying. This doesn't even count the bribes...er "incentive" payments that were dolled out to studios and retailers to push BD. The true costs of this whole pointless venture may never be known. If I were a Sony shareholder I'd be livid at this waste of capitol.