Despite the reports of Microsoft’s potential abandonment of HD-DVD being false, it seems that many other companies are either fleeing or simply hedging their bets after the announcement from Warner Bros. that the company would be going blu-ray exclusively. Universal has announced that they will be opting out of extending its agreement with Toshiba. The company has yet to announce any specific plans as to if they’ll produce both formats or go over to the blu-ray camp, but after the 31st of May they’ll be free to make a decision happen.

Tags: Business, News, PlayStation 3