Paramount Dropping HD DVD for Blu-Ray?
Tuesday, January 8, 2008
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Oh man, it’s just gets worse for HD DVD after Warner Bros. announced it was going with Blu-Ray completely this year. Now it’s being reported that Paramount is preparing to drop HD DVD. Don’t forget that HD DVD only had 30% of studio support. Looks like it’s going even lower now, leaving them with only Universal.
It was thought that Paramount was locked into an exclusivity contract with HD DVD until the end of 2008, but FT reports that there is a clause in that contract that says Paramount can change sides if Warner Bros withdraw their support for the format.
This is obviously bad news for anyone who’s bought a HD DVD player, but should be good news for consumers as a whole. Once the format war is over, then it can be considered ‘safe’ to invest in the hi-def future and prices should start to come down.
It’s being said that this is pretty much the end of HD DVD and the format wars, leaving Blu-Ray as the winner.
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