CNNMoney: Sony Corp. Chief Executive Officer Howard Stringer said Wednesday that the Blu-Ray video format his company champions will “more than hold up” against the growing consumer yen for Internet-based or downloadable videos.
Stringer’s comments at The All Things D conference help frame the battle Sony faces as more consumers download videos from the Internet.
Blu-Ray players, which Sony champions, recently emerged victorious in a format war with a high definition version of DVDs known as HD-DVD, which was backed primarily by Toshiba Corp.
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