Philips CD-i 1984 and it was first publicly announced in 1986. The first Philips CD-i player, released in 1991 and initially priced around US$1,000, was capable of playing interactive CD-i discs, Audio CDs, CD+G (CD+Graphics), Karaoke CDs, Photo CDs and Video CDs (VCDs), though the latter required an optional "Digital Video Card" to provide MPEG-1 decoding. Philips also licensed the CD-i format to other manufacturers for use, and there were also CD-i players by Sony under the "Intelligent Discman" brand. Philips marketed the CD-i as a "home entertainment system" in Europe, but more as a games and educational machine in the U.S.
Philips was formed in the US with the name Philips Electronics North America Corp. In 1991-1992, Philips along with their subsidiary Magnavox, released the Philips CD-i, a combined CD player and home video game console. It sold one million units and was discontinued in 1998 after being heavily criticized amongst the gaming community. In 1997, the company officers decided to move the headquarters from Eindhoven to Amsterdam along with the corporate name change to Koninklijke Philips Electronics N.V., the latter of which was finalized on 16 March 1998. The move of the headquarters to Amsterdam was completed in 2001. Initially, the