Ampex machine's high price tag. Ampex sold only about 50 or 60 ATR-124 machines, and withdrew from the professional audio tape recorder market entirely in 1983. By the 1990s, Ampex focused more on video recorders, instrumentation recorders, and data recorders. In 1991, Ampex sold their professional audio recorder line to Sprague Magnetics. The Ampex Recording Media Corporation spun off in 1995 as Quantegy Inc.; that company has ceased producing recording tape. Starting in the early 1950s, RCA, Bing Crosby and others tried to record analog video on very fast-moving magnetic tape. As early as 1952, Ampex developed prototype video tape recorders
Video Floppy recorders & players were also used by television stations and video production studios as a still-store system for stills & graphics for use in a television production, or for on-air slides used for station identification or during technical difficulties (such as a "Please Stand By" still). A similar sized disk was also used by the Zenith Minisport laptop computer from 1989, digitally formatted for data storage. The Minisport could store up to 793 KB of information on 2-inch LT format disks called LT-1. Video floppy and LT-1 are not compatible, so media can not be interchanged between drives using video