Paramount following Warner out the HD DVD door?

The Financial Times is reporting that Paramount is preparing to use a get out clause in its HD DVD exclusivity deal, and go back to Blu-ray, about 4 months after ending its dual-format release schedule. The move would be a result of Warner’s switch to Blu-ray, using a “get out” clause in Paramount’s promotional agreement with the HD DVD camp. No details on what it might take to rip up the contract and make Michael Bay very, very happy, but if the rumor proves true this could make the slow death he predicted for HD DVD a very, very fast one.

-Engadget.com