Paramount has moved to quash a rumour reported in the FT on Tuesday that said the movie studio would be dropping Toshiba's HD DVD format and return to Sony's Blu-ray format.
In an email to Bloomberg, Brenda Ciccone, a spokeswoman for Paramount, told the news agency:
"Paramount's current plan is to continue to support the HD DVD format."
The move follows speculation that the movie studio would use a clause it has in its contract with the HD DVD camp that allows the studio to switch to Blu-ray if Warner Bros dropped its support of Toshiba's standard.
Warner Bros., New Line and porn label Digital Playground have all announced in the last few days that they would be going Blu-ray exclusive.
The move announced on Friday caused the HD DVD group to cancel its CES press conference.