Don't even trip, Financial Times -- Paramount is sticking with HD-DVD

[wraggster]

If you just bought an HD-DVD player attachment for your Xbox 360, don't feel completely discouraged about the recent movements in the home entertainment industry. While it definitely seems as though Blu-ray has soundly won the format war, Viacom Inc. owned Paramount Studios recently issued a statement saying they would continue producing HD-DVD movies.

The statement was a correction to a recent Financial Times article saying that the company was following in the footsteps of Warner Bros. Entertainment Inc., and adopting Blu-ray as their sole HD format. Following a brief plunge in the stocks of Toshiba (the company most invested in HD-DVD technology), Paramount issued a statement pledging their allegiance to the format less blue. Looks like it's time to hunker down for the long haul, people -- it might be a while before the clear victor for the Battle of the Formats is decided.

http://www.joystiq.com/2008/01/13/do...icking-with-h/

[Elven6]

Woot! I know studios always say this, and at times do the opposite, but atleast I could sleep easy tonight, who knows about tommorow.

[ngin.small]

Wow! Paramount is retarded, excuse the lanuage but just wow! so what they're the only company backing HD-DVD its still just a matter of time before they switch too. No one is going to buy HD-DVD when they see only movies made by one company so in my eyes this taking down HD-DVD even faster.

[sappo]

YES! Go HD-DVD! A lot better than Blu-ray!

[DPyro]

Viacom owned...that explains everything.