A Japanese daily reported Tuesday that any hope of a unified format for next generation DVDs is all but gone as the two sides have broken off talks. According to the Yomiuri newspaper, neither side was willing to yield and time ran out to strike a deal.

"Late August is the practical time limit (to finalize a deal)," Yoshihide Fujii, Toshiba's corporate senior vice president, told the paper. Toshiba needed to start developing the software for its HD-DVD players at that time.

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