Japan's NHK has followed up The Hollywood Reporter's earlier indications Toshiba was ready to dump its money-losing HD DVD business, with news that the company is prepared to cease manufacturing software and hardware, at a loss of hundreds of millions of dollars. This caps the worst week ever for red, when HD DVD was dumped by Netflix and Wal-mart, pushed to the background by Best Buy and put on -- an apparently incredibly short -- deathwatch right here. Toshiba is mum on the subject right now, but we hear there's plenty of cheap players and movies in a dumpster around back of the HQ.

[Thanks to everyone who sent this in; via Reuters; warning, Japanese read link]

Update: Along with an English translation of the NHK's article (Thanks sfditty!) comes additional confirmation from Reuters sources, it's a wrap. Toshiba is shutting down its DVD manufacturing facilities in Aomori Prefecture, Japan, while official word is expected "soon".

We're not exactly sure what's going on in Toshiba land, but shortly after not-exactly-believable whispers made the rounds of the firm suddenly deciding to try its hand at making a Blu-ray player, we're now seeing reports stating that it will pull the plug on its beloved format "in the coming weeks." Citing unnamed industry "sources," The Hollywood Reporter is suggesting that the end may be nigh for the HD DVD format. Jodi Sally, VP of marketing for Toshiba America Consumer Products, was quoted as saying that "given the market developments in the past month, Toshiba will continue to study the market impact and the value proposition for consumers, particularly in light of its recent price reductions on all HD DVD players." Of course, we aren't exactly equating said statement to waving the white flag or anything, but whatever the case, it seems the death watch is in full effect.

[Via Home Media Magazine, thanks to everyone who sent this in]

We don't foresee too many tears being shed over this news, but the Hasselblad faithful will probably want to know that the tried and true H2 product line has been nixed. Not surprisingly, the company reported that "demand simply no longer justified the dedicated manufacturing line required for its production," and that it would be shifting those resources to the H3DII. On a more positive note, the outfit is introducing the H2F, which is being billed as a "greatly simplified film-only version of the H2," so those (still) sticking with film can look here to get their fix. Lastly, the firm reassured H1 / H2 owners that it would continue to support those products "for a minimum of 10 years from the date of purchase." So long, H2, it's been a good run.

[Via CNET]

This week is quickly becoming a tough one for the aerospace industry, as just a day after NASA reported tampering on an ISS bound computer, an explosion at the Mojave Air and Space Port has claimed two lives and seriously injured four others. The blast reportedly occurred during a "test of a new rocket motor for SpaceShipTwo -- a spaceship being built for Virgin Galactic, Richard Branson's space tourism company." According to a spokeswoman for the spaceport, the blast was "on a remote pad" at an airport home to Scaled Composite (which is the builder of the first private manned rocket to reach space), but the firm's founder Burt Rutan wasn't in attendance when the "cold fire test" went awry.