According to the BDA European Promotions Committee, if game consoles are included in shipment totals, Blu-ray Disc accounts for almost 95% of all next generation hardware sales in Europe this year. Earlier this week sales figures from the European HD DVD Promotion Group announced that Toshiba has taken a leading share of the European market for standalone high definition players, according to independent pan-European research by GfK.

Asked if Philips would cut its LG.Philips LCD stake to below 20% this year, its Chief Financial Officer Pierre-Jean Sivignon said: "It's our objective."

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