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Microsoft: We Didn't Pay Paramount for HD DVD
>> From the press release:
[QUOTE]
Kevin Collins, who runs Microsoft's HD DVD unit, is denying that his company paid Paramount to exclusively back HD DVD in the high-def format war against Blu-ray.
The New York Times last week quoted an industry official as saying the studios received $150 million combined to back HD DVD, although the newspaper did not say who paid the studios.
But in a post at the Home Theater Forum message board, Collins said he was interrupting his vacation to "go on the record stating that Microsoft did not provide any financial incentives to Paramount/Dreamworks' recent decision to support HD DVD."
Referring to articles saying Microsoft had paid the studios, Collins continued: "This type of 'reporting' amazes me and I challenge anyone to provide proof around these statements. They are unfounded and inaccurate."
However, Collins appeared to indirectly confirm that Toshiba paid the studios.
Collins also seems to dismiss rumors that Microsoft is offering financial incentives to Warner Bros. to back HD DVD exclusively. The studio now releases titles in both formats.
[/QUOTE]
Full press release here
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