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Old 01-08-2008, 11:07 AM
speedstyledrift's Avatar
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Default Paramount switching to Blu-ray?

Just found this little article on Gamespot.


Report: Paramount switching to Blu-ray?
The company is reportedly about to drop support of HD DVD and switch to Blu-ray in a move which could end the format war, although Paramount officially denies it will be ditching the format.
By Emma Boyes, GameSpot UK
Posted Jan 8, 2008 7:53 am PT

Things are hotting up in the HD DVD Vs. Blu-ray format wars--and it's no longer looking like the stalemate that Sony CEO Howard Stringer declared two months ago.

At the end of last week, Warner Bros. announced that it had decided to back Blu-ray--and now there are rumours that because of this move, Paramount and possibly DreamWorks Animation won't be far behind.

Today's Financial Times reveals that according to its sources, Paramount is "poised to reveal" it will be abandoning the HD DVD format in order to go Blu-ray exclusive.

The article states, "Paramount, which is owned by Viacom, 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."

The newspaper believes that this would be the "death knell" for HD DVD, and would see the format "likely to suffer the same fate as Sony's now obsolete Betamax video technology, which lost out to VHS in a similar format war in the 1980s."

Blu-ray is currently backed by 20th Century Fox, MGM, Walt Disney, and most recently Warner Bros.; if Paramount jumps ship, Universal will be left as the biggest HD DVD backer.

However, according to a later report from Bloomberg, Paramount has denied that it will be making the move. Brenda Ciccone told the financial Web site, "Paramount's current plan is to continue to support the HD DVD format." Toshiba spokesperson Keisuke Ohmori called the report "speculative," while Sony declined to comment.

The rumours had an immediate effect on the stock market--Toshiba's stock fell 0.1 percent to close at 782 ($7.17), though during the day the shares had dropped as much as a 1.3 percent, whereas Sony's rose 3.4 percent.
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Old 01-08-2008, 11:21 AM
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Rumour... and nothing more. In fact, they have officially said they are sticking with HD DVD (for now), whereas this is just speculation by gamespot
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Old 01-08-2008, 11:28 AM
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yea, they already said they're sticking with HD-DVD in a recent statement so it's all rumors
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Old 01-08-2008, 11:55 AM
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yeah they shoot down that last report. However they have yet to announce any new HD DVDs for this year at CES. Considering they have about 5 movies currently scheduled from now until May is the most interesting.
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Old 01-08-2008, 01:11 PM
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Remember people, this is a company that will tell you one thing and the next day drop everything to support the other format. I can't really read what Paramount is going to do, but when it does happen it will strike hard and fast.

Paramount also released VideoCDs when they weren't even a household name in the US... Thought I spit that out there.
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Old 01-08-2008, 02:23 PM
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man i really hope so! so many good paramount movies. do you guys think iot would take them long to release some of the stuff they already had in hd-dvd format?
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