Philips Consumer Lifestyle created for Laserdisc would later be used again for the Compact Disc. Although Philips' and MCA's Laserdisc project never reached the VHS mass market level, Philips still thought the format should be able to succeed, and, in collaboration with Sony, launched the smaller CD in 1982. The DVD (Digital Versatile Disc or Digital Video Disc), the eventual successor of the CD (Compact Disc), met a long road of setbacks. Philips wanted to continue with the CD in a new format called "MultiMedia Compact Disc" (MMCD), while another group (led by Toshiba) was developing a competing format, then named "Super Density"
Philips Classics Records Philips Classics Records Philips Classics Records was started in the 1980s as the new classics record label for Philips Records. It was successful with artists including Alfred Brendel, Sir John Eliot Gardiner, Sir Neville Marriner and the Academy of St. Martin in the Fields, Mitsuko Uchida, Julian Lloyd Webber, Sir Colin Davis and André Rieu. A notable product released under the label is the 180-CD "The Complete Mozart Edition", featuring all works by Wolfgang Amadeus Mozart known at the set's publication in 1990–91 for the bicentenary of the composer's death. It has been re-released as the "Complete Compact Mozart Edition".