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Paramount Jumps Over The Hedge To HD DVD Exclusivity

Posted by Tyler Pruitt on August 20, 2007 
Filed Under: Blu-ray, DreamWorks, Format War, HD DVD, Paramount, Software, Studios



Forget the Spin, here is the Press Release:

Paramount and DreamWorks Animation Each Declare Exclusive Support for HD DVD

Movies Distributed by Paramount Home Entertainment Including Paramount Pictures, DreamWorks Animation SKG, DreamWorks Pictures, Paramount Vantage, Nickelodeon Movies and MTV Films to be Released Exclusively in HD DVD

LOS ANGELES, Aug. 20 /PRNewswire-FirstCall/ — Paramount Pictures, a unit of Viacom Inc. (NYSE: VIA and VIA.B) and DreamWorks Animation SKG (NYSE: DWA), each announced today that they will exclusively support the next-generation HD DVD format on a worldwide basis. The exclusive HD DVD commitment will include all movies distributed by Paramount Pictures, DreamWorks Pictures, Paramount Vantage, Nickelodeon Movies and MTV Films, as well as movies from DreamWorks Animation, which are distributed exclusively by Paramount Home Entertainment.

The companies each said that the decision to distribute exclusively in the HD DVD format resulted from an extensive evaluation of current market offerings, which confirmed the clear benefits of HD DVD, particularly its market-ready technology and lower manufacturing costs. Paramount Home Entertainment will launch its exclusive HD DVD program with the release of the blockbuster comedy hit “Blades of Glory” on August 28th and follow with two of the biggest grossing movies of the year “Transformers” and “Shrek the Third”. These three titles alone represent more than $1.5 billion in box office ticket sales worldwide.

“The combination of Paramount and DreamWorks Animation brings a critical mass of current box office hits to consumers with a line-up of live action and animated films that are perfect for HD DVD,” stated Brad Grey, Chairman and CEO of Paramount Pictures, which is currently the leading studio in domestic box office. “Part of our vision is to aggressively extend our movies beyond the theater, and deliver the quality and features that appeal to our audience. I believe HD DVD is not only the affordable high quality choice for consumers, but also the smart choice for Paramount.”

“We decided to release “Shrek the Third” and other DreamWorks Animation titles exclusively on HD DVD because we believe it is the best format to bring high quality home entertainment to a key segment of our audience — families,” stated DreamWorks Animation CEO, Jeffrey Katzenberg. “We believe the combination of this year’s low-priced HD DVD players and the commitment to release a significant number of hit titles in the fall makes HD DVD the best way to view movies at home.”

With the rapid increase of HD TV screens in households, and audiences wanting to enjoy the total entertainment experience, HD DVD has emerged as the most affordable way for consumers to watch their movies in high definition. In addition to pristine quality, HD DVD also offers consumers the chance to personalize the movie-watching experience, to interact with their movies and even to connect with a community of other fans.

Paramount Home Entertainment will issue new releases day and date as well as catalog titles exclusively on HD DVD. Today’s announcement does not include films directed by Steven Spielberg as his films are not exclusive to either format.

About Paramount Pictures Corporation

Paramount Pictures Corporation (PPC), a global producer and distributor of filmed entertainment, is a unit of Viacom (NYSE: VIA, VIA.B), a leading content company with prominent and respected film, television and digital entertainment brands. The company’s labels include Paramount Pictures, Paramount Vantage, Paramount Classics, MTV Films, Nickelodeon Movies and DreamWorks Studios. PPC operations also include Paramount Digital Entertainment, Paramount Home Entertainment, Paramount Pictures International, Paramount Licensing Inc., Paramount Studios and Worldwide Television Distribution.

About DreamWorks Animation SKG

DreamWorks Animation is principally devoted to developing and producing computer generated, or CG, animated feature films. With world-class creative talent, a strong and experienced management team and advanced CG filmmaking technology and techniques, DreamWorks Animation makes high quality CG animated films meant for a broad movie-going audience. The Company has theatrically released a total of fourteen animated feature films, including Antz, Shrek, Shrek 2, Shark Tale, Madagascar, Wallace & Gromit: The Curse of the Were-Rabbit, Over the Hedge, Flushed Away, and Shrek the Third. DreamWorks Animation’s newest release, Bee Movie, opens in theaters November 2, 2007.

SOURCE Paramount Pictures; DreamWorks Animation

Related posts:

  1. Paramount’s HD DVD Decision Decried by Analysts
  2. Blu-ray Maintains Edge Despite ‘Transformers’
  3. “Blue-Ray Tech.” Responds Strongly to Paramount/HD DVD Deal
  4. Disney Announces 4 Blu-ray Titles for 2008
  5. Paramount Dumping VC-1 in Favor of MPEG4 AVC?

Comments

8 Responses to “Paramount Jumps Over The Hedge To HD DVD Exclusivity”

  1. Segars on August 20th, 2007 1:38 pm

    I’m really excited to see Transformers on HD DVD. Not to mention the wealth of catalog titles that will now remain solely in the HD DVD camp.

    I can’t wait until the day I can walk into the store and pick up The Godfather trilogy on HD DVD.

    I just hope that they keep with their interests of including lossless audio formats with the future releases.

  2. Chris on August 20th, 2007 2:47 pm

    Over 100,000 people bought Ď300í on HD DVD and it was released on both formats. I can imagine by the time Transformers and Shrek come out, we might be looking at 500,000 copies sold for each.

    Already on blogs and message boards, Iíve seen dozens of people announce their intention to purchase HD DVD players.

    What a score for the HD DVD format!

  3. Nick T on August 20th, 2007 4:31 pm

    This was a big blow to the Blu-Ray camp. Finally PARAMOUNT AND DREAMWORKS ANIMATION are HD DVD exclusive Backers. HD DVD desearves this 100%.

    Awesome quality & cheap to produce format. Good Stuff, we should all support HD DVD by buying at least 2 to 5 HD DVD’s a month or so.

    Exclusive “PARAMOUNT” titles for HD DVD:
    Shrek the Third [HD DVD]
    Transformers [HD DVD]
    Gladiator [HD DVD]
    Collateral [HD DVD] Michael Mann
    Forrest Gump [HD DVD]
    War of the Worlds [HD DVD] Steven Spielberg
    The Adventures of Indiana Jones – The Complete Movie Collection [HD DVD]
    Minority Report [HD DVD] – Steven Spielberg
    Saving Private Ryan [HD DVD]
    The Godfather Collection [HD DVD]
    etc.

  4. Hassen H on August 20th, 2007 6:48 pm

    What a breath of fresh air! It is great to see other movie studios join Universal and grant their full support to the HD DVD format. As I stated in a different post, everyone I know that have both formats prefer the HD DVD format. Thank you Paramount and Dreamworks! Now I can buy a lot more of my favorite movies in HD.

  5. Pravin on August 21st, 2007 2:11 am

    Nick, I don’t think the Indiana Jones movies will be HD DVD exclusives since Steven Spielberg’s movies appear to have their own distribution terms.

    Regardless, this is a big shot in the arm for HD DVD and I think covering another guaranteed year of the format war definitely means we have even more time to hang out at this website.

  6. Tyler Pruitt on August 21st, 2007 3:23 am

    Wow what a crazy day, I really hope this puts some pressure on Disney and other BD studios to release some great content!

  7. lcdian on August 21st, 2007 7:50 am

    I think both standards accomplished the unthinkable: They just made sure that this holiday season people DO NOT buy an HD player and wait on the more-crowded-by-the-second-fence.

    Who would have thought it. Just when we thought that the war was about the first side to release a $200 player, now it will have to be a $100 HD player because you will need two players to watch Pirates of the Caribbean and Shrek. Is it just me or that is just _______(insert adjective here)

    Over-simplifying things:
    1995- go to the store buy a dvd player get a set of RCA cables buy/Rent a dvd movie and watch it in full screen and even sorround if you have your tv connected to your stereo.
    Total time: 10 mins

    2007- buy an HD player (anyone) get a movie, return it ( it wasnt properly remastered) get the re-re-released version with Java or Enchanced capabilities ( the ones that your player cant play) Return the movie-wrong format, plug your HDMI. It doesnt work. Update firmware (TV and Player), press play and wait, wait, wait, make pop corn and sit by the fridge to avoid starvation while you learn “just the basics” about interlacing, scaling 1:1 mapping, clouding, banding and rainbow effect (depending on yout HDTV brand)solve the issues and you are now ready to watch the movie in HD and hear it in dolby 5.1 because the HD-Audio-Receivers are not out yet.
    Look at your watch now, is getting late you are a few thousand dollars poorer (depending on when you started to buy your thingies) and you haven’t been able to watch the movie. Now look at your calendar, it reads: 2008

    Recapping:
    you bought your HDTV, HDMI cable, HD player, Sept 2007-made receiver and got an HD-movie. Wow that is a lot of money there. Everything looks so neat and cool and you are even facilitating the learning of your kid with that Lego mountain of remotes that you have in that corner. Look at your watch now, is getting late you are a few thousand dollars poorer (depending on when you started to buy your thingies) and you havent been able to watch the movie. Now look at your calendar, it reads: 2008

  8. Ryan on August 21st, 2007 4:50 pm

    Icdian – you sound so bitter … a lot of that was frustration, maybe you got burned by something? Either way I’m happy to own both formats, and it really wasn’t all that hard. : )

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