That's according to an article in TWICE Magazine.
The set-top, which will play both Blu-ray and HD DVD discs, is designed to appeal to high-def owners concerned about picking a winner in the high-def disc format war. LG introduced the player last spring.
(Blu-ray and HD DVD high-def discs are not compatible with each other, meaning one disc won't play on the other's machine.)
However, at $1,199, the player's price was more than the cost of a Blu-ray player ($499) and HD DVD player ($299) combined. At $999, it would still be less expensive to buy the two players than to buy the LG dual-format set-top.
However, TWICE notes in its article that Samsung will release a $1,049 dual format HDTV DVD player in the fourth quarter, which could have pressured LG to lower its price now.
Commentary:
At $999, the LG player is still DAA -- Dead After Arrival. When it was launched at $1,199, it was DOA -- Dead On Arrival. Now, it's Dead After Arrival.
Why would people buy one player for more money than the cost of buying the two units separately? Answer: They won't.
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