At Netflix Investor Day, Netflix CEO Reed Hastings revealed their timeline for the end of the rental-by-mail biz, and why they're digging so hard into digital distribution: It "will probably peak in the next five years." Taken more broadly, it's more or less predicting that the real end of physical media is in T minus…

LG will stop swinging both ways with HD formats this fall, when it ceases production on its Blu-ray/HD DVD combo player. (Samsung's is already dead.) I'm just kind of amazed an already dead format manages to keep getting deader. [DVD Town]

You guys have apparently been listening to our warnings about not jumping into the Blu pool just yet. NPD says that even after HD DVD stopping peeing in it and lied down to die, not only have Blu-ray sales have only jumped a meager two percent (after falling 40 percent from Jan.), but they're so bad, they won't even…

Even though Paramount has taken longer to announce their Blu-ray slate than the other former HD DVD lackey, they're getting 'em out the door quicker, surprisingly. The first three BDs (I hate the acronym, but let's go ahead and digest it) from Paramount arrive May 20: Face/Off (yes!), Bee Movie and Next. Then it gets…

"Toshiba Corp. said its profit plummeted 95 percent in the January-March quarter due to costs of its exit from next-generation video HD DVD business." $12 million profit, down from $251.57 million last year. Ouchies. [AP]

Game Daily had a chat with Microsoft Game Studios VP Shane Kim about the Xbox 360, and one of the topics that came up was the defunct (but cheap!) HD DVD player, which you might still be tempted to eBay for $1.25. But you shouldn't! Kim effuses sentimentally about why you should hang it onto it, which is odd…