Lieberfarb began investigating alternatives for VHS in 1992, because he felt that the home video market would soon be made extinct by video-on-demand -services, which were both easier for the consumers and offered far better quality than VHS. As a response, Digital Versatile Disc (then Digital Video Disc, or DVD) was developed in co-operation with Toshiba Corporation.
First DVD players were commercially launched in March, 1997. The format has been a huge success, finding its way to homes all over the world faster than any other electrical appliance in the history.
Source:
CNN.com
Written by: Jari Ketola @ 21 Dec 2002 13:34