Sony CEO Calls Format War a “Stalemate”
The chief executive of Sony Corp. has admitted that the format war between Sony’s Blu-ray Disc and HD DVD is a “stalemate,” while also playing down the overall importance of the battle. The AP reported the remarks from Sir Howard Stringer, which were delivered during Stringer’s speech at the 92nd Street Y in New York Thursday night.
Stringer added that Sony had been “winning on the merits,” until Paramount and DreamWorks’ decision in August to switch from format-neutral to HD DVD-exclusive. The Blu-ray side has also been hurt recently by the significant price drops of some HD DVD players, which have left them hundreds of dollars cheaper than their Blu-ray counterparts.
Also in the speech, Stringer lamented that the two sides had missed a chance, years ago, to unite under one format.