A group of companies supporting the HD DVD format will hold a news conference on January 7 on the eve of the massive consumer electronics exhibition to announce their plans for 2007, Yoshihide Fujii, president and chief executive officer of Toshiba's digital media network company, said Thursday.

 

The company launched its first HD DVD players at CES in January 2006. One player, the HD-A1, was priced at $500 and a second player, called the HD-XA1, cost $800. Two second-generation players, the HD-A2 and HD-XA2, hit shelves this month at $500 and $1000, respectively.Prices Likely to Fall When asked if Toshiba would be announcing cheaper players, Fujii remained tight-lipped on the company's plans but said, "At first I though the price threshold is $499. Maybe coming next is $399 and after that is $299." He didn't give a timeframe for this possible drop in prices.

While both HD DVD and Blu-ray Disc have appeared in stores during 2006, sales of both formats remain relatively low. Prices of compatible machines are high and the formats continue their battle. That means consumers buying either format risk being left with a machine on the losing side that could end up being nothing but an expensive door-stop in a few years.