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
CD player 1983 Philips, at the US and European launch of the CD format, showcased the first top loading CD tray designs with their CD100 CD player. (Philips audio products were sold as Magnavox in the US at the time.) The design had a clamp on the lid which meant the user had to close this over the CD when it was placed inside the machine. Later, Meridian introduced their MCD "high end" CD player, with Meridian electronics in the Philips CD100 chassis. Top-loading was adopted on various equipment designs such as mini systems and portable CD players, but among stereo component