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Best Buy forks out $10 mil to Hd-Dvd customers!

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Best Buy forks out $10 mil to Hd-Dvd customers!
« on: March 21, 2008, 01:01:04 AM »
http://tech.msn.com/news/articlepcw.aspx?cp-documentid=6557952&icid=tg6557952?GT1=40000
Best Buy Forks Out $10 Million in Gift Cards to Burned HD DVD Customers
By PC World staff
HD DVD buyers are getting relief from Best Buy in the form of $50 gift cards if they purchased a HD DVD player before February 23 from the retailer. Following the lead of Circuit City, Best Buy is doing its best to console bitter HD DVD player owners who placed the wrong bet when buying a next-generation hi-def DVD player. In total Best Buy says it estimates a total of $10 million in gift cards will be distributed.

"At Best Buy, we understood and shared our customers' frustrations as they were being asked to choose one format or the other," said Brian J. Dunn, president and chief operating officer for Best Buy. "Now that the format war is over, we hope these gift cards will reassure our customers that we will help them make a smooth transition into the right technology for their needs."

Only Specific Model HD DVD Players Qualify
Best Buy is not requiring you return the HD DVD player to get the $50 gift card. However your HD DVD player must be either a Toshiba HD DVD (models: HD-A1, HD-A2, HD-A20, HD-XA2, HD-A3, HD-A30, HD-A35) or a Microsoft Xbox 360 HD DVD player accessory model 9Z5-00013.

According to Best Buy the gift card offer excludes "HD DVD-equipped computers and laptops, and so-called 'dual-format' or 'universal' high-definition disc player models designed to play both Blu-ray Disc and HD DVD media."

The sum of $10 million may sound like a lot to lose for Best Buy on HD DVD buyers. But that’s nothing compared to the estimated $986 million in losses suffered by the once HD DVD proponent Toshiba.

Earlier this month, Circuit City began a HD DVD player trade-in program that allowed customers to trade in their HD DVD equipment for credit toward a Blu-ray player or a gift card in the amount of the player.

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Jumbo

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Re: Best Buy forks out $10 mil to Hd-Dvd customers!
« Reply #1 on: March 21, 2008, 01:04:26 AM »
Thats pretty cool, I'm sure it doesn't make up for the $300 dollar player + Dvd's purchased.
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Re: Best Buy forks out $10 mil to Hd-Dvd customers!
« Reply #2 on: March 21, 2008, 01:50:29 PM »
In this world they wouldn't really have to do squat. So I say kudos to them. I never saw any retailer having pity on the Beta customers. It got chalked up to just another bad decision.
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Five statements of WISDOM
1. You cannot legislate the poor into prosperity, by legislating the wealth out of prosperity.
2. What one person receives without working for, another person must work for without receiving.
3. The government cannot give to anybody anything that the government does not first take from somebody else.
4. You cannot multiply wealth by dividing it.
5. When half of the people get the idea that they do not have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friends, is the beginning of the end of any nation.