A MiniDisc (MD) is a magneto-optical disc-based data storage device initially intended for storage of up to 80 minutes of digitalized audio. Today, in the form of Hi-MD, it has developed into a general-purpose storage medium in addition to greatly expanding its audio roots.
The company avoided the mistake that it had made in the 1970s with the Betamax video recording system, and this time licensed the MD technology to other manufacturers, with JVC, Sharp, Pioneer, Panasonic and others all producing their own MD systems.
MiniDisc technology was faced with new competition from the recordable compact disc consortium, while the popularity of traditional cassette tape refuses to wane in certain quarters.