Paramount denies Blu-Ray defection

MCV Staff 8th January 2008 Business News

Following the recent news that Warner Bros

is to drop its support

of Toshiba’s HD-DVD hi-def movie format, fellow movie studio Paramount has denied that it is to do the same.

Bloomberg reports that US newspapers are claiming that Paramount has a clause in its HD-DVD exclusivity contract that allows it to withdraw if Warner drops its support of the format.

However, Paramount spokesperson Brenda Ciccone told the news agency that Paramount’s current plan is to continue to support the HD-DVD format”. Toshiba added that the reports are nothing more than speculative.

Following the shock Warner news, share in HD-DVD owning Toshiba fell by 1.4 per cent, whilst Sony’s rose by 3.4 per cent.

Tags

About MCV Staff

Check Also

470 Pacific [Industry news] Pacific Standard Creative Launches as New Division of Pacific Standard Sound, Merging World-Class Film, Television, and Video Game Capabilities

[Industry news] Pacific Standard Creative Launches as New Division of Pacific Standard Sound, Merging World-Class Film, Television, and Video Game Capabilities

Pacific Standard Sound (PSS), the award-winning sound design and full service post production and sound company whose work spans some of entertainment's most iconic properties, today announced the launch of Pacific Standard Creative (PSC), a new division purpose-built to serve the evolving storytelling and production needs of video game development studios, advertising agencies, trailer houses, and independent productions who demand world-class sound without compromise. Pacific Standard Creative will be helmed by industry veteran Eric Marks, who brings more than a decade of audio and engineering leadership, as well as two years as the Vice President of the Motion Picture Sound Editors (MPSE).

© Copyright 2026, MCV. BizMedia