The FT is reporting that movies on HD-DVD backer Paramount has a clause in its contract saying it could go to Blu-ray if Warner Brothers did so. Ergo ....

Currently Universal, Paramount and DreamWorks Animation are the main remaining backers of the HD-DVD format for movie distribution after Warner Bros plumped exclusively for Blu-ray a couple of days ago. If Paramount moved its movies to Blu-ray that would surely kill off any remaining hopes that Toshiba has of making HD-DVD successful.

Paramount has denied that it is about to move across to Blu-ray.