The LA Times has an interesting story about the adoption of Blu-Ray & HD-DVD formats, Can Blu-ray Heat Up Hollywood Again?. Netflix CEO Reed Hastings is quoted in the story:
"DVD sales will go down this year because consumers know about high definition but they don't know which format to buy," says Reed Hastings, chairman of Netflix, the online DVD rental powerhouse that has been growing at the expense of traditional video stores. "The problem with picking sides is that creates consumer anxiety, and so they'll just stop buying, period, or slow down their buying. The solution to getting the business growing is to have the studios support both formats. In video games, the two main formats are Xbox and PlayStation, and the market does well with two formats."
The story is a must-read if you're considering buying one of the new players.
via DVD Dossier.