Metro-Goldwyn-Mayer to adopt Sony Blu-Ray Standard
Metro-Goldwyn-Mayer Inc. has expressed their version of choice for the next generation DVD storage format. The movie studio said that they would be preferring the Sony developed Blu-Ray format over the Toshiba supported HD DVD format. This is just the latest news in the war between Sony and Toshiba over which format becomes the global standard for the next generation of storage solutions.
The move by the MGM group surprises no one considering Blu-Ray is already dominating the proceedings over the HD DVD group. In addition, the studio behind the lucrative James Bond film franchise was bought in April by an investor group including private equity firms Providence Equity Partners and Texas Pacific Group, as well as Sony and Comcast Corp. so their support for the Sony is pretty much expected.
MGM has also said that they plan to begin releasing film and television titles from its library of 4,000 films when the new Blu-ray hardware launches in North America, Japan, and Europe. Just a couple of weeks ago, two other major movie studios Warner Bros and Paramount expressed their support for the Blu-Ray standard. Toshiba is certainly going to be disappointed by these latest updates in the market.