Today LG Electronics announced that it is going to provide the worlds first DVD player to support playing both Blu-ray and HD DVD discs. Details are going to be announced next week at the 2007 CES in Las Vegas.

This offering is a much anticipated solution for both producers of DVD’s as well as consumers, and hopefully will end the confusion and decisions necessary on which high definition format to produce and which type of player to buy.

The Blu-ray format created by Sony is supported by Samsung, Hitachi, and JVC, while the HD DVD format that was created by Toshiba is supported by Microsoft, Intel adn NEC. Both formats provide increased data storage on the same disc dimensions to allow higher definition multimedia. Both formats are promising, and consumers and producers were left with the decision of which format to go with, or to go with both.

Rumors have circulated that Toshiba, Samsung and Pioneer have all had plans of producing a dual-format player, but LG will have the worlds’ first according to the sites press release.