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 Records the Philips Recording Center in Baarn, Netherlands, and formed Polyhymnia International (a recording and mastering company) and Pentatone Records (which specializes in SACD releases). Many of the Philips classical recordings have been reissued on the Eloquence label. Universal also released a "Philips 50" series marking the 50th anniversary of Philips Records in the early 2000s; some of those CDs are still in print. Pentatone has released Philips Quadraphonic sound recordings from the early and mid-1970s in 4-channel SACD format, as their RQR Series. Philips' classical catalog was issued on CD under the headings "Digital Classics", "Legendary Classics" and "Silver Line