Quote:
Paramount Denies Report It Will Drop Toshiba's HD DVD
By Andy Fixmer and John Liu
Jan. 8 (Bloomberg) -- Viacom Inc.'s Paramount Pictures denied a newspaper report that the studio is poised to follow Time Warner Inc. in abandoning Toshiba Corp.'s HD DVD technology.
``Paramount's current plan is to continue to support the HD DVD format,'' Brenda Ciccone, a spokeswoman for Paramount, said in an e-mail today.
Toshiba, the leading promoter of the HD DVD format for high- definition video discs, fell in Tokyo trading after the Financial Times reported Paramount is poised to adopt Sony Corp.'s Blu-ray format instead.
Paramount can defect because a clause in its contract with the HD DVD camp allows the studio to switch to Blu-ray if Warner Bros. Entertainment Inc. dropped its support of Toshiba's standard, the newspaper reported today, citing unidentified people familiar with the plan. Warner Bros. said on Jan. 4 it would drop its support of HD DVD.
Keisuke Ohmori, a spokesman for Tokyo-based Toshiba, said the report is speculative. Masayo Endo, a spokeswoman for Sony, declined to comment on the report.
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Maybe I'll just stick with the 5000 order and hope for the best. I don't have room for two players and I hate to give up the ability to watch my small collection of HD-DVD in my HT room.