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 (family) was the addressee of many of her cousin Karl Marx's letters (e.g.) and later, a member of the Dutch section of the International. Lion's son Frederik Philips was a merchant banker who financed the setting up of the Philips lighting company which was run by his son Gerard Philips. After a few years Gerard was joined by his younger brother Anton Philips who revolutionised the fortunes of the company. Anton was succeeded by his son-in-law Frans Otten who was married to Anton's eldest daughter. During the war Anton fled to England in a company armoured payroll van along with Princess