UPDATE: Paramount spokeswoman Brenda Ciccone made this statement in response to reports that Paramount is abandoning the HD-DVD format: “Paramount’s current plan is to continue to support the HD-DVD format.” The statement didn’t specify if Paramount would also produce Blu-ray DVDs in addition to HD-DVDs. It will be interesting to see how this story pans out.

According to the Financial Times, Paramount Pictures is going to drop their support for Toshiba’s HD-DVD after Warner Brothers pulled out of the HD-DVD camp last Sunday night. Not a great way for Toshiba to start CES 2008. This will most likely put the final nail in the coffin of the HD-DVD format and end the biggest home entertainment format war since Betamax vs. VHS.

Bad News For HD-DVD At CES 2008

I’m at CES and just gave the bad news to the guys in the Toshiba booth at CES. They weren’t happy. Their HD-DVD focused booth looks a little silly now.

HD-DVD vs Blu-ray

Why the sudden switch? Why did Paramount Pictures go over to Sony‘s Blu-ray so quickly? Insiders are saying that a clause in Paramount’s contract allowed the company to drop HD-DVD in the event that Warner Bros decided to back Blu-ray.