As far as I can tell, current Blu-Ray players will still play all future Blu-Ray discs, but some of the special features will be unavailable. Kinda like how a cheapo DVD player can play the DVD fine, but might not be able to output the DTS soundtrack.
There was one CD format, and one DVD format after Sony gave up their competing format early on - I don't recall there being problems there. Anyone can release on Blu-Ray, and although Sony are widely credited as BR being their format, it's future is dictated by the "Blu-ray Disc Association" who founded with 9 members (including other electronics companies like Panasonic, Phillips, LG, Samsung, Sharp) and now have 18 board member and 65 contributing companies deciding how the format progresses.With one company dominating music, films, TV, Consoles and hardware manufacture it leads to stagnation and lack of choice plus it allows for a small group of people to dictate what we buy, play, listen to and watch which is never a good thing.
It's by no-means a one-vendor process dictating where Blu-Ray is heading.



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