Microsoft slashes price of 360 HD-DVD player

Microsoft has slashed USD 50 off the price of the Xbox 360 HD-DVD player in the US, Canada and New Zealand.

The movie peripheral will now retail for USD 129.99, down from USD 179.99, and can still be bought with an offer that gives the consumer five free HD-DVD movies.

HD-DVD is becoming increasingly less attractive as a viable format, as more and more movie studios opt for the rival Blu-ray format.

Last month, UK retailer Woolworths said that it would no longer be stocking HD-DVD movies in store.