If you just bought an HD-DVD player attachment for your Xbox 360, don't feel completely discouraged about the recent movements in the home entertainment industry. While it definitely seems as though Blu-ray has soundly won the format war, Viacom Inc. owned Paramount Studios recently issued a statement saying they would continue producing HD-DVD movies.

The statement was a correction to a recent Financial Times article saying that the company was following in the footsteps of Warner Bros. Entertainment Inc., and adopting Blu-ray as their sole HD format. Following a brief plunge in the stocks of Toshiba (the company most invested in HD-DVD technology), Paramount issued a statement pledging their allegiance to the format less blue. Looks like it's time to hunker down for the long haul, people -- it might be a while before the clear victor for the Battle of the Formats is decided.

This article was originally published on Joystiq.

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