Dreamworks drops HD DVD, but wont make Blu-ray for now

It seems Dreamworks has gotten the ok from Toshiba to drop HD DVD because they have cancelled all upcoming HD DVD titles including the anticipated "Bee Movie" that was set for release in North America on March 11th.

Dreamwork's parent company Paramount also announced that it would be ending HD DVD releases beginning on March 4th.

The studios differ however with their future plans. Paramount plans to release on Blu-ray right after they drop HD DVD while you wont be seeing any Dreamworks titles until at least the summer. There was no word on what each studio's first release will be.

Earlier this week Dreamworks' CEO Jeffrey Katzenberg made a statement saying that the studio was still committed to HD DVD thanks to contractual obligations. From his mouth, "We have a partnership with Toshiba and have an obligation to see this through," he said. "It really is in [Toshiba's] court at this point to really declare what the next step will be".

Source