TOKYO - Toshiba may pull the plug on its high-definition DVD format but no decision has been made, the Japanese electronics maker said in a statement Monday.
Toshiba Corp. has started a review of its HD DVD business, it said, amid reports by the Wall Street Journal and Kyodo News agency that Toshiba was considering pulling out after losing ground to the competing Blu-ray disc format.
The Journal reported Sunday the company is likely to pull out early this week.
A Toshiba pullout would signal the almost certain defeat of HD DVD to Blu-ray, which is backed by Sony Corp., five major Hollywood movie studios and others.
Only one format has been expected to emerge as the winner, much like VHS trumped Sony's Betamax in the video format battle of the 1980s.
Recently the Blu-ray disc format has been gaining market share, while Toshiba has been forced to slash prices to sell its HD DVD machines.
On Friday, Wal-Mart Stores, the largest U.S. retailer, said it will sell only Blu-ray DVDs and hardware.