It seems that the rumors behind Paramount's decision to drop the HD DVD format in favor of the Blu-Ray format were false... sort of.
According to a story from the Los Angeles Times, it seems that Paramount is still behind the HD DVD format. However, due to the out clause that we reported on yesterday, it seems that the studio will mull over its options. The Times story stated, from sources inside Paramount, that the studio plans to decide which format to back within a month.
We'll have more on this as soon as the story develops.