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Paramount, DreamWorks Dropping HD DVD Mar 4

Earlier this week, DreamWorks Animation was saying it didn’t know when it would stop releasing films in HD DVD format, with DreamWorks CEO Jeffrey Katzenberg noting the companies had signed “lucrative” contracts with Toshiba and saying the ball was in their court.

Apparently Toshiba knows how to play ball: today Video Business is reporting that Paramount’s HD DVD releases (Into the Wild and Things We Lost in the Fire) will be the company’s last, going out the door on March 4. HD DVD titles previously scheduled for later release—including Bee Movie and Sweeney Todd, previously scheduled for March 11 and April 1, have had their HD DVD releases cancelled.

Dreamworks Stuck with HD DVD

Dreamworks Stuck with HD DVD

While seemingly every movie studio, retailer, and rental store has jumped on board with Blu-ray in the aftermath of the format war, it turns out it will not be quite as easy for former HD DVD ally DreamWorks animation. According to Reuters, the company is still legally bound to the format by lucrative contracts it inked with Toshiba before the format’s fall.

“As you know, we have been well-compensated for our support,” DreamWorks CEO Jeffrey Katenberg told Reuters. “It really is in their court at this point to really declare what the next step will be.” The  studio’s agreement dates back to August, when it entered a deal, together with Paramount, to distribute movies exclusively on HD DVD in exchange for what the New York Times says was $150 million in combined incentives.

Apple releases new Final Cut Pro software

The new version 4.1 of Apple’s Emmy award-winning Final Cut Pro now delivers simultaneous playback of seven fully uncompressed standard definition (SD) video streams with real-time effects using adual 2.0 GHz processor Power Mac G5 and Xserve RAID. The new G5-optimized Final Cut Pro 4.1, Shake 3.0.1 and DVD Studio Pro 2.0.2, with the new Compressor 1.1 update, are immediately available forcurrent Final Cut Pro 4, Shake 3 and DVD Studio Pro 2 customers as free software updates from www.apple.com/software/pro.

“With the new releases of Final Cut Pro, DVD Studio Pro and Shake, we have optimized our suite of professional applications to tap the advanced architecture of the Power Mac G5, and the results are unprecedented for both real-time and rendering performance,” said Rob Schoeben, Apple’s vice president of Applications Marketing. “All this performance is available at a fraction of the cost of systems requiring dedicated hardware.”

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