A group of nine leading consumer electronics companies set licensing terms for a next generation large capacity optical disc video recording format called "Blu-ray Disc." The Blu-ray Disc format can be used for recording extended video material and High Definition broadcasts. Supporters of the format include Hitachi, LG Electronics, Matsushita Electric Industrial Co., Pioneer, Royal Philips Electronics, Samsung Electronics, Sharp, Sony and Thomson Multimedia.
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- The Blu-ray Disc enables the recording, rewriting and play back of up to 27 gigabytes (GB) of data on a single sided single layer 12cm CD/DVD size disc using a 405nm blue-violet laser.
