Super Video CD Technology. High-Quality Video CD (HQ-VCD), developed by the Video CD Consortium (consisting of Philips, Sony, Matsushita and JVC — creators of the original Video CD specification) was a relatively late entry. The Chinese Ministry of Information and the Video CD Consortium agreed to join forces, incorporating the features of HQ-VCD under a unified SVCD format. But by the time the SVCD specification was ready in July 1998, CVD had already been adopted by major manufacturers and had quickly established a significant installed base of about 600,000 players. This prompted the Chinese government to force a compromise between the competing standards
Philips Consumer Lifestyle experimentally manufactured in 1925. In 1927, Philips began producing radios. Only five years later, Philips had sold one million of them. One other major product release came in 1963, when the Compact Cassette was introduced. After Philips Consumer Electronics acquired companies as Magnavox and Sylvania in the late 1970s, Philips managed to sell their 100-millionth TV-set in 1984. Philips still is the European television market leader, as well as the third in the world. Because of the enormous growth, Philips decided to split up their company divisions during the 1990s. While Philips CE contains most of the Consumer Electronics, other