CDRLabs.com

While Toshiba plans to out of the HD DVD player market by the end of March, LG isnt dumping the format quite yet. According to Pocket-lint.co.uk, LG will will continue to develop and offer players that support both both Blu-ray and HD DVD.

"LG believes that at this present moment in time, it is necessary to provide a player which supports both formats and therefore create simplicity and convenience for the existing HD DVD consumer..."

"...With the recent announcement from Toshiba, Blu-Ray will now be the format that will pave the way for high definition movies, however this does not rule out HD DVD immediately as there are still a number of consumers who have chosen HD DVD and begun to build a HD DVD collection."

This is definitely good news, especially for those who already have a sizeable HD DVD collection. If you'd like to read more, the entire article can be found here.