Report: Sony Paid Warners’ $400 Million For Blu-ray Move
The pivotal decision that led to the end of the hi-def DVD format war was the result of an auction between rivals Sony and Toshiba in which both formats sought to buy the exclusive partnership of Warner Home Video- and Sony won by paying around $400 million.
That’s according to a piece published earlier this week in the Toronto Globe and Mail newspaper; while sources supplied the paper with the $400 million figure, neither Sony nor Warners’ would confirm it.
In what a Toshiba executive described as the last straw, Warners’ took Blu-ray’s side in early January. After retailers Best Buy, Netflix and Wal*Mart followed its lead, Toshiba threw in the towel earlier this week.