Studio Statements Regarding Warner Bros. Entertainment and Blu-ray Disc Association

Business Wire, Oct 21, 2005

HOLLYWOOD, Calif. -- The Blu-ray Disc Association has released the following statements from Buena Vista Home Entertainment and Twentieth Century Fox Home Entertainment regarding Warner Bros. Entertainment joining the board of directors of the Blu-ray Disc Association and its plans to release its films on the Blu-ray format.

"This news further illustrates the potent combination of Blu-ray Disc's superior consumer proposition and the undeniable market support demonstrated by the huge consortium of companies supporting Blu-ray. The continued dramatic momentum towards Blu-ray makes us more optimistic than ever that a 'format war' can be avoided."

Bob Chapek, President, Buena Vista Home Entertainment

"These latest developments are the categorical shift needed to avoid a format war and insure the successful launch of Blu-ray and secure the future of high-definition pre-recorded media. The real winner in all of this will be the consumer as a single format comes to market with the dominant support of both the hardware and software industries."

Mike Dunn, President, Twentieth Century Fox Home Entertainment

About Blu-ray Disc

Blu-ray Disc is the next-generation optical disc format being developed for high-definition video and high-capacity software applications. A single-layer Blu-ray Disc will hold up to 25 gigabytes of data and a double-layer Blu-ray Disc will hold up to 50 gigabytes of data.

About the Blu-ray Disc Association

The Blu-ray Disc Association (BDA) is responsible for establishing format standards and promoting and further developing business opportunities for Blu-ray Disc -- the next-generation optical disc for storing high-definition movies, games, photos and other digital content. The BDA has over 150 members. Its Board of Directors consists of Dell Inc.; Hewlett Packard Company; Hitachi, Ltd.; LG Electronics Inc.; Mitsubishi Electric Corporation; Panasonic (Matsushita Electric); Pioneer Corporation; Royal Philips Electronics; Samsung Electronics Co., Ltd.; Sharp Corporation; Sony Corporation; TDK Corporation; Thomson; Twentieth Century Fox; Walt Disney Pictures and Television and Warner Bros.