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Best Buy, Netflix to Embrace Blue Ray
By Stock Charts | February 12, 2008
It looks like the curtain is about to fall on HD DVD’s as Blu-ray wins another round in the DVD format wars:
Best Buy Co Inc (BBY), the largest U.S. consumer electronics chain, said on Monday it will recommend that consumers choose Sony Corp’s Blu-ray high-definition video format.
The decision gives Sony yet another victory in the battle with Toshiba Corp’s HD DVD to be the high-definition DVD format of choice.
Earlier on Monday, online video rental company Netflix Inc (NFLX) said it would exclusively stock Blu-ray DVDs after some of the world’s biggest movie studios decided in favor of that format.
Best Buy said it believes consumers will benefit from the choice of one HD DVD format.
One significant advantage that Sony (SNE) has is that every Playstation 3 unit that they sell has a built in Blu-ray player in it. Sony’s stock price has fluctuated quite a bit over the last year or so as investors reacted to news of poor Playstation sales. Winning the high definition DVD wars could potentially provide a huge windfall for Sony, who seems to have learned from their Betamax fiasco.
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