LG to launch dual next-gen DVD player

South Korea's LG Electronics said today it would launch a DVD player that supports both Blu-ray and HD DVD as a format war over next-generation DVDs is looming.

LG was a high-profile supporter of the Blu-ray format, backed by Sony, until it said early last year it would join the Toshiba-led HD DVD camp as well.

The two standards are gearing up to compete for the $24bn-a-year home video market. LG's dual-format high-definition disc player will be launched in the US in early 2007, the company said in a statement. It did not provide further details.

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