Philips globally, the scale advantages of the Japanese proved insurmountable and Philips withdrew the V2000 system and joined the VHS Coalition. Philips had developed a LaserDisc early on for selling movies, but delayed its commercial launch for fear of cannibalizing its video recorder sales. Later Philips joined with MCA to launch the first commercial LaserDisc standard and players. In 1982, Philips teamed with Sony to launch the Compact Disc; this format evolved into the CD-R, CD-RW, DVD and later Blu-ray, which Philips launched with Sony in 1997 and 2006 respectively. In 1984, the Dutch Philips Group bought out nearly a one-third
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".