In a shot that might just decide the format wars once and for all, the Financial Times is reporting that Paramount pictures is "poised to reveal" it will be releasing its films only on Blu Ray.
"But TheFeed...I thought Paramount made a $150 Million HD DVD deal!"
They did... but apparently, the company had a clause that allowed them to back out of the deal if Warner Brothers wouldn't back the new format. That happened Friday.
Blu-ray is currently backed by 20th Century Fox, MGM, Walt Disney, and most recently Warner Bros.; if Paramount jumps ship, Universal will be left as the biggest HD DVD backer.
There's controversy of course. Bloomberg's is reporting that Paramount told them that "Paramount's current plan is to continue supporting the HD-DVD format."
Gamespot.com: Report: Paramount to back Blu-ray