First Warner walked away from Toshiba’s HD DVD format in favor of Sony’s (SNE) Blu-ray technology. Now Paramount is doing the same thing.
According to the FT "Paramount, which is owned by Viacom (VIA), is understood to have a clause in its contract with the HD DVD camp that would allow it to switch sides in the event of Warner Bros backing Blu-ray, according to people familiar with the situation."
That does not leave many studios to support HD DVD. Put a fork in. It’s done.
Douglas A. McIntyre
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