However the support for Blu-Ray could mean that sometime in the future Warner will drop Toshiba's HD-DVD and release only in the Blu-Ray format. Paramount has already announced that it will release movies in both formats. HD-DVD also got a huge boost with support from Intel and Microsoft. Intel however, stated it would also put support behind Blu-Ray if it had more consumer friendly features like HD-DVD.
The next generation standard, whatever it will turn out to be is incredibly vital to Hollywood. Movie studios are witnessing drops in DVD sales lately as most consumers now own DVD players and some of the favorite movies. So Hollywood needs a format to support HD versions of the movies that can hold way more extra features to sell their movies yet again in another format.
Source:
MSNBC
Thanks to chickenR for the News Submission