http://www.joystiq.com/2008/01/13/dont-even-trip-financial-times-paramount-is-sticking-with-h/
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.
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I don't know what to think of this, except that it's going to keep the war going for quite a while longer. Will other, smaller studios join Paramount? Are they being stupid?
Discuss.
