DreamWorks waiting for cue from Toshiba on Blu-ray

Los Angeles (Reuters) - DreamWorks Animation SKG Inc. said on Tuesday it was locked in an exclusive deal to distribute DVDs on Toshiba Corp's HD DVD format even though the Japanese electronics maker plans to quit the technology.

"We have a partnership with Toshiba and have an obligation to see this through," DreamWorks Chief Executive Jeffrey Katzenberg said on Tuesday.

"As you know, we have been well-compensated for our support. It really is in their court at this point to really declare what the next step will be. We're poised either way to jump into the marketplace when the conditions are right to do so," he said

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sonarus3824d ago

hahaha what ho'$. Not only did they admit compensation but now their stuck with the repercussions of their short sighted decision to back hd-dvd exclusively.

Primetimebt3823d ago

maybe they should have used the get out cause like paramount. Well it's there lost.

gonzopia3823d ago

Well, I'm impressed that they're sticking to their guns and waiting for Toshiba to give the go ahead. That's some loyalty right there... good for Dreamworks, although considering it's inevitability - Toshiba really should reciprocate and let them go peacefully.

grashopper3823d ago

Its not loyalty its a contract

niall773824d ago

thats what DreamWorks gets for backing the wrong horse.

meepmoopmeep3824d ago

at least they admitted in taking compensation to go hd-dvd exclusive. lame.

HD DVD3824d ago

Just let me die already!

gambare3824d ago

poor horse... they beat you even if you are dead :(

wAtdaFck3823d ago

Not quite dead. Its still running rampant, and we're trying to KILL it so we can enjoy our HD movies in one format already.

Sony sucks balls3823d ago

You will never die you are immortal !

ravinash3823d ago

Somewhere in the world there is a phone ringing in an empty office where there is no one to answer Dreamworks call.

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beoulve3823d ago

In another word,
"The $150 million still on right? I can launch Bee movies with HD-DVD even you quit the technology as long as I get my $150 million"

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