Paramount abandons HD-DVD

The Financial Times reported Tuesday that Paramount is poised to drop HD-DVD support. This deals a deathblow to HD-DVD and pretty much assures Blu-Ray has Hi-Definition DVD’s future. However, Paramount denies this article, saying that it will continue to stick with HD-DVD.

Regardless, Paramount and DreamWorks Animation extended their support to HD DVD last summer, joining Universal Studios as HD-DVD’s main backers. However, there appears to be a clause in their HD-DVD conttract allowing them to support Blu-Ray in the event that Warner Bros. does so.