Studios Freed if Toshiba Cedes?
As expected there is a mess of articles surrounding Toshiba today, with few bringing any new information to light.
Perhaps one exception is this article at the Wall Street Journal.
They report that if Toshiba withdraws from the HD DVD business, Viacom Inc.’s Paramount Pictures and General Electric Co.’s Universal Pictures, both of which support the format exclusively, would be immediately released from their commitments, one of the people familiar with the situation said. Warner Bros., which is obligated to sell HD DVD movies through May under its contract, would also be freed from those terms.
I kinda get the feeling that Warner is begrudgingly supporting HD DVD to mid 2008 – it will be interesting to see what they do if they are released from th contractual obligation to do so.