Fox Home Entertainment said today that it is backing Sony's Blu-ray standard for next-generation of DVDs, joining Buena Vista and Sony Pictures. Rival format HD DVD counts Warner, Paramount and Universal as its studio backers, indicating that the battle between the competing standards is nowhere close to being won. The only certainty at this point is that as long as there are two formats, consumers will lose and adoption of both will be slow as people hold off on buying a new machine that could ultimately prove as long-lasting as a Betamax VCR.
The Hollywood Reporter has the full story:
http://www.hollywoodreporter.com/thr/business/brief_display.jsp?vnu_content_id=1001000449
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