Story:
Toshiba Concedes Defeat in the DVD Battle
Quote:
In a pitched two-year battle, Sony and Toshiba tried to woo Hollywood studios to release movies in their formats and to persuade computer and game console makers to use their disc drives. The struggle was reminiscent of the 1980s battle between the VHS format of Matsushita and Betamax from Sony to become the standard for videotape.
Fact:
The VHS format was developed by the Victor Company of Japan, otherwise commonly known as JVC, not Matsushita.
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