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gumble
doing the fat gut strut!

Registered: Apr 2002
Location: Melbourne
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| quote: | TOKYO, Jan 8 (Reuters) - Paramount studios is poised to drop its support of the high-definition DVD (HD DVD) format after Warner Bros studio said it would back the competing Blu-ray format, the Financial Times reported on Tuesday.
The loss of support from Paramount, which is owned by Viacom Inc (nyse: VIA - news - people ), would likely deal the final blow to the HD DVD format backed by Toshiba Corp (other-otc: TOSBF.PK - news - people ) and put an end to the format war, the newspaper said on its Web site.
Time Warner (nyse: TWX - news - people ) Inc's Warner Bros studio on Friday said it would exclusively release high-definition DVDs in Sony Corp (nyse: SNE - news - people )'s Blu-ray format, marking a major setback to the HD DVD camp.
Blu-ray discs outsold HD DVD by nearly two-to-one in the United States last year, but HD DVD had secured major allies in August when Paramount Pictures and DreamWorks Animation SKG (nyse: DWA - news - people ) Inc said they would go exclusively with HD DVD.
But Paramount is understood to have a clause in its contract with the HD DVD camp that would allow it to change sides if Warner Bros backed Blu-ray, the Financial Times said, citing people familiar with the situation. (Reporting by Nathan Layne)
Copyright 2008 Reuters, Click for Restriction |
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Jan-09-2008 04:51
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