http://www.worldinhd.com/movabletype..._canal_la.html
Looks like Studio Canal will begin releasing in both formats. They said they would look into Blu-ray in 2007 and it looks like they are gearing up to not get caught off guard when the PS3 Effect comes to town.
I would presume their releases will not be region coded. The loose translation of the site is as follows.
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It is next on May 10 which STUDIO CANAL, currently only supporting HD-DVD, will release its successful film, LEND TO ME MT HAND! This edition will be released in HD-DVD but also in Blu-ray, a first from the studio. One awaits more info on future Blu-ray titles from the studio and will keep you informed!
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