Toshiba gains backing of four studios for HD-DVD

Toshiba, NEC, and Sanyo has the backing of 4 major movie studios (Warner Bros. Studios, Paramount Pictures, Universal Pictures and New Line Cinema) for the HD-DVD technology. With these four studios backing Toshiba, and Sony having its own “studio conglomerate” pushing the Blu-Ray technology, the DVD wars have just been pushed to a new level. The technology itself is very similar being that they both use blue lasers. These lasers have a shorter wave length, which enable the DVD to achieve higher density data.
CNN covers it here.