Philips Consumer Lifestyle created for Laserdisc would later be used again for the Compact Disc. Although Philips' and MCA's Laserdisc project never reached the VHS mass market level, Philips still thought the format should be able to succeed, and, in collaboration with Sony, launched the smaller CD in 1982. The DVD (Digital Versatile Disc or Digital Video Disc), the eventual successor of the CD (Compact Disc), met a long road of setbacks. Philips wanted to continue with the CD in a new format called "MultiMedia Compact Disc" (MMCD), while another group (led by Toshiba) was developing a competing format, then named "Super Density"
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