The ‘Grab brought you word just last night that Sony’s Blu-ray high definition format was about to crush HD-DVD from existence come May. Fuel was added to the fire this morning when the Financial Times announced that Paramount, one of HD-DVDs strongest exclusive supporters, was moving to drop the format to join Warner Bros. in going with the stronger performing Blu-Ray from here on out. Paramount quashed the rumor almost immediately by releasing a statement to Bloomberg stating that they will continue supporting HD-DVD for the time being. Michael Bay has yet to comment on the news. The Screengrab will continue bringing you full coverage of the Format Wars, no matter how irrelevant.