Just continuing the rumours of Paramount switching over to Blu-ray is news from long running DVD site The Digital Bits, who have often predicted correctly future news.

Apparently, Paramount is preparing an announcement about switching away from HD DVD with Universal also in discussion. Paramount will release the films that were packaged and ready for retail, and this includes Transformers.

Well… we’ve had SOME confirmation this morning of the details of the Financial Times story from last night. While the studio isn’t yet commenting, reliable industry sources are telling us that Paramount is indeed preparing to end their HD-DVD support and announce a return to the Blu-ray fold. Details are currently being finalized, and an announcement is expected as soon as they’re complete. Paramount’s first new Blu-rays will almost certainly include many of those titles that were cancelled last year, but that were already packaged and ready for shipping, so you could see them in stores very quickly once the studio announces.

Meanwhile, sources are telling us that Universal has also been talking with the BDA, and is looking to follow Paramount and Warner’s lead as soon as possible.