Paramount to Drop HD DVD

From Slashdot:

The Financial Times reports that ” Paramount is poised to drop its support of HD DVD after Warner Brothers’ recent backing of Sony’s Blu-ray technology, in a move that will sound the death knell of HD DVD and bring the home entertainment format war to a definitive end.” According to the Times, Warner Brother’s recent defection to Blu-Ray allowed Paramount to terminate their exclusive relationship with HD DVD. Universal Studios remains the only major studio to exclusively support the HD DVD format, though rumors have surfaced that their contract may also contain a termination provision similar to that exercised by Paramount.

This is great news. This is kind of the reverse of the beta vs. VHS result… Blue Ray is the better technology. Once HD DVD is dead, the players for Blue Ray will come down in price, and then maybe I can afford to get one [[:-)]].