Compact disc (CD) player, Model CD100, made by Philips of Holland. The CD was developed by Philips in conjunction with the Japanese manufacturer Sony, and was first released in 1982. Both companies had pioneered video formats in the late 1970s (Philips with Video 2000 and Sony with Betamax) but these lost out to the rival VHS system which became the standard format for home use. Both were keen not to repeat this mistake. Collaboration, rather than rivalry, produced the desired industry standard for compact discs.
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