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 its classical artists, although classical recordings have also been issued on the regular Philips label. In the US, Philips eventually handled distribution and sales for Philips, Mercury, British Decca (sold under the London label in the US) and Deutsche Grammophon. In 1983, Philips became the first record label to issue compact discs, using digital recordings that had been recorded since 1978. Philips and its subsidiaries eventually re-issued many of its pre-digital stereo and mono recordings on compact disc. Philips and DuPont partnered in four CD manufacturing plants in Hanover, Germany; Blackburn in the UK (formerly the Philips Laservision Disc factory);