Yup, that's the story.scotthm said:
I believe the basic story can be found in this post at the Home Theater Forum.Capt. Vulcan said:
WB execs say they didn't get a payoff. ...It really must have been a quick decision, because as of the moment before the news broke, the program for the HD-DVD presentation still listed WB as being one of the presenters at their show.
Further down the thread it's implied by someone I consider reliable that WB got something on the order of $500M for their decision.
WB wanted to go HD DVD exclusive, but they're main priority was to end the format war. All three companies (Toshiba, WB and Fox) had an oral agreement, but Fox backed out at the eleventh hour after receiving a better offer by the BDA so WB had no choice but to go Blu-ray exclusive.
Who knows how much Fox was given by the BDA.