Dreamworks Waiting for Toshiba Approval Before Going to Blu-Ray

The format war may be over, but apparently Dreamworks CEO Jeffrey Katzenberg wants a formal white flag. The exec recently spoke to Reuters and he had some interesting quips on why they aren't quite ready to embrace Blu-Ray.

"We have a partnership with Toshiba and have an obligation to see this through," Katzenberg said on Tuesday.

"As you know, we have been well-compensated for our support. It really is in their court at this point to really declare what the next step will be. We're poised either way to jump into the marketplace when the conditions are right to do so," he said.

The studio is still planning a HD DVD release of the Dreamworks Animation film Bee Movie, and they are apparently waiting to hear back from Toshiba on plans for that release.

"We said, 'We have a release coming up on 'Bee Movie.' What would you like us to do?," Katzenberg said.

Toshiba announced that it will discontinue its HD DVD business earlier this month.