Update: paidContent is reporting that Paramount is denying the rumors that they will ditch HD DVD. I'd love to listen in on the discussions between the remaining companies that support HD DVD.
The Financial Times is reporting that Paramount might ditch HD DVD and join the Blu-ray camp:
Paramount and DreamWorks Animation, which makes the Shrek films, came out in support of HD DVD last summer, joining General Electric’s Universal Studios as the main backers of the Toshiba format.
However, Paramount, which is owned by Viacom, is understood to have a clause in its contract with the HD DVD camp that would allow it to switch sides in the event of Warner Bros backing Blu-ray, according to people familiar with the situation.
Paramount is set to have a bumper 2008 with several likely blockbusters, including the latest instalment in the Indiana Jones franchise.
I was joking about selling my HD DVD player, but I'm not buying any more HD DVD discs. I've only paid for a few, so it's not a big loss. I am thinking about buying a PS 3, since it's an economical Blu-ray player (I also heard it plays computer games, too).
Thanks to Baff & Fabian for sending this in.