According to the Financial Times, Paramount will be opting out of it’s exclusive contract with HD-DVD and making the switch to BluRay. This comes after the big news of Warner Brothers going exclusive with the BluRay camp.

Apparently, Paramount has a clause in the contact that will allow them to opt out and make the jump to BluRay should Warner do the same. Why they put this in the contact, I don’t know. But either way, this would essentially shut the door for HD-DVD in the movie realm. Currently, BluRay commands 70% of the movie studios, and that number would only go up should Paramount jump sides as well.

I think we can all say it’s a good thing that the format war is coming to an end. Consumers need to know what to buy, and one format is the way to go. I personally prefer BluRay for the disc size, since everything else is roughly the same. I think Toshiba will keep HD-DVD around for PC use, which will be a good fit.

[via Financial Times]