Tadashi Okamura, Toshiba's president, said he will continue his efforts to reach an agreement with Sony, and all other companies involved, to create a unified next-generation DVD format.
A solution to unify the Blu-Ray and HD-DVD formats is said to be near. Last month Toshiba and Sony reached final stages of the negotiations, but they were postponed as Toshiba stated the superiority of Blu-ray hasn't been proven yet.
Okamura said the structure of the next-generation DVD format for video discs has to be determined according to interests of users, rather as the result of negotiations between two companies.
Sony's main ally, Matsushita, recently stated it will not give up on the idea of backing Blu-ray and Sony already decided to use Blu-ray for its PlayStation 3 console.
Recently TDK released a prototype of a 100GB Blu-ray disc, while HD-DVD can only hold 45GB.