CD player also developed by both Sony and Philips. Recordable CDs were a new alternative to tape for recording music and copying music albums without defects introduced in compression used in other digital recording methods. Other newer video formats such as DVD and Blu-ray use the same physical geometry as CD, and most DVD and Blu-ray players are backward compatible with audio CD. By the early 2000s, the CD player had largely replaced the audio cassette player as standard equipment in new automobiles, with 2010 being the final model year for any car in the US to have a factory-equipped cassette player.
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