HD DVD Really Dead Now: Paramount Following Warner to Blu-ray-Only Party

Financial Times is reporting that Paramount has a clause in its HD DVD exclusivity contract allowing them to bail from the sinking HD DVD ship if Warner defected to Blu-ray, and they are "poised" to do so.

Warner's switch already put 70 percent of Hollywood's output on Blu-ray—Paramount rolling Blu-ray too would leave Universal and Dreamworks as the last major studios in the HD DVD camp, promptly and undoubtfully closing the books on HD DVD's future in Hollywood. Imagine: Michael Bay is sipping a mojito somewhere with a smile on his face. [Financial Times]