By Andy Fixmer and John Liu
Jan. 8 (Bloomberg) - Viacom Inc.'s Paramount Pictures denied a newspaper report that the studio is poised to follow Time Warner Inc. in abandoning Toshiba Corp.'s HD DVD technology.
"Paramount's current plan is to continue to support the HD DVD format," Brenda Ciccone, a spokeswoman for Paramount, said in an e-mail today.
Paramount can defect because a clause in its contract with the HD DVD camp allows the studio to switch to Blu-ray if Warner Bros. dropped its support of HD DVD, the newspaper reported, citing unidentified people familiar with the plan.
Keisuke Ohmori, a spokeswoman for Tokyo-based Toshiba, said the report is speculative. Masayo Endo, a spokeswoman for Sony, declined to comment on the report.
Note: The newspaper is Financial Times.