Rumor Busted: Paramount Denies Move to Blu-ray
January 13, 2008 at 10:17:00 AM, by Steve Martinez
Prefers to go down with ship.
Last week we shared a rumor from the Financial Times that Paramount Studios was jumping the H.M.S. HD-DVD to join the juggernaut that is the Blu-ray consortium.
Paramount released a statement today claiming, "Paramount's current plan is to continue to support the HD DVD format." It doesn't get more clear than that, although who's to say who long this will last.
However, no one denied the Financial Times assertion that Paramount has a clause in its contract that allows it to switch camps if Warner Bros. leaves, which happened early this month.
Consider this rumor busted.
Source: Bloomberg
Related News: Rumor: Paramount to Drop HD-DVD
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