In great news for torrent freaks worldwide, Taiwanese optical disc giant Ritek has announced its accreditation to manufacture rewritable versions of both HD DVD and Blu-ray discs, meaning that pricing on the still-rare media should begin to drop once production ramps up in the third quarter. According to a company spokesperson, archiving all those TV shows and movies onto 20GB HD DVD-RE and 25GB BD-RE discs will set you back around $10-per-platter, though you are getting either quadruple or quintuple the capacity, respectively, of a regular DVD-RW. No matter, we'll be tossing these things around like cheap CD's in no time anyway.

[Via Gadget Lab]

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