DreamWorks Stuck In HD DVD Limbo
The studio says it must abide by its agreement with Toshiba.
By Swanni
That's according to an article by Reuters.
Studio officials note that they signed an exclusive deal with HD DVD last August and it seems unclear they can break it without Toshiba's permission.
Toshiba, the main backer of the format, announced last week that it's pulling the plug at the end of March, ceding victory to rival Blu-ray.
"We have a partnership with Toshiba and have an obligation to see this through," DreamWorks CEO Jeffrey Katzenberg told Reuters. "As you know, we have been well-compensated for our support. It really is in their court at this point to really declare what the next step will be."
Paramount signed a similar exclusive deal with HD DVD last August, but apparently was able to break it after Toshiba's announcement. The studio said last week that it will begin soon to release titles on Blu-ray.
DreamWorks told Reuters that it's not certain how to proceed on future titles, including next month's scheduled release of Bee Movie.
"We said (to Toshiba), we have a release coming up on 'Bee Movie.' What would you like us to do?," Katzenberg said.
Analysts told Reuters that they expect the situation to be cleared up by the holiday season.
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