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Paramount to Drop Blu-Ray for HD-DVD

Posted by ScuttleMonkey on Mon Aug 20, 2007 07:43 PM
from the eggs-and-baskets dept.
JM78 writes to tell us The New York Times is reporting that Paramount Pictures and DreamWorks Animation will be dropping support for Blu-ray Disc and going solely with HD-DVD for their next gen DVDs. "Jeffrey Katzenberg, CEO of DreamWorks Animation, said consumers seeking to switch to high-definition DVDs will be enticed by the movies available for HD-DVD players. He added the lower price for the Toshiba devices will appeal to the family market. 'It's a game-changer, what they're doing, and it's why we decided to throw in with them,' Katzenberg said."

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[+] NYT Confirms Movie Studios Paid to Support HD DVD 441 comments
An anonymous reader writes "The New York Times has confirmed the story that Paramount and DreamWorks Animation were paid $150 million for an exclusive HD-DVD deal that will last 18 months. 'Paramount and DreamWorks Animation declined to comment. Microsoft, the most prominent technology company supporting HD DVDs, said it could not rule out payment but said it wrote no checks. "We provided no financial incentives to Paramount or DreamWorks whatsoever," said Amir Majidimehr, the head of Microsoft's consumer media technology group.'" We discussed Paramount's defection on Monday.
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