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Onkyo Bails on HD DVD; Blu-ray Development Underway

Onkyo Corporation, known for manufacturing and distributing home audio and video components, has become the latest company to jump off the sinking HD DVD ship.

In a statement issued by Onkyo this afternoon, the company "...has decided that Onkyo will discontinue the development and production of HD DVD players." No timetable was given for the action, though it's assumed to be immediate.

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