Friday, March 31, 2006

Panasonic Blu-ray player to beat PS3

Panasonic has announced its plans to start selling stand-alone players for Blu-ray disc playback in September this year. Its aim is to sell 5 million players within the first year of release, with the price set below US$1,500 initially.

That figure of 5 million is thought to include stand-alone players, PC disc drives, and videogame systems (PlayStation 3), however.Reid Sullivan, vice president of Panasonic merchandising, put the record straight on possibly supporting both next-gen formats, saying, "We recognize that it's best to have one format."

He went on to comment that there is confusion over the two formats, but that Blu-ray has "wide support in the industry."The launch of the player is expected to coincide with the release of Panasonic's new 103-inch plasma screen (it will cost "several times more" than US$10,000), which surpasses its previous 65-inch plasma as the biggest display the company produces.

Read more at Reuters

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