Netflix, the world's largest online movie rental service, today announced it will carry the first movies available in HD-DVD when the new high-definition format launches in late March, according to plans recently outlined by several major movie studios, and said it will similarly offer titles in the Blu-ray format when that product launches, expected to be later this year.

"High-definition DVD is the next wave of excitement in home entertainment and we'll be there at its inception," said Netflix Chairman and CEO Reed Hastings. "With far sharper images, better sound and more features, we expect high-def will greatly enhance DVD's consumer appeal and extend its popularity over the next decade or more."

Read more about Netflix's decision to support both HD DVD and Blu-ray at http://www.dvdrecorderworld.com/news/331.