In what can only be called another example of its power, China has launched its own High Definition standard, HD NVD, thus escaping any licensing fees.
The HD NVD standard has been realized with support from exclusively Chinese companies and the Chinese Government. Technically HD NVD will offer discs up to 12GB and still make use of the more classic red lasers. Because red lasers, known from CD players and DVD players, are used manufacturing will be possible in existing factories thus reducing production costs massively.
Biggest problem with this new standard will be the movie studios. Will they allow their content to be released on this platform in China? Then again, they might as well collaborate with the Chinese Government because otherwise they will find their products on the black market. But are they _that_ smart already?
Via Numerama (French).