Versatile Multilayer Disc (VMD or HD VMD) is a high-capacity red laser optical disc technology designed by New Medium Enterprises, Inc.. VMD was intended to compete with the blue laser Blu-ray Disc format and had an initial capacity of up to 30GB per side.

At CeBIT in March 2006, NME demonstrated a prototype VMD player and announced that they were expecting to launch the format in the third quarter of 2006. At the Custom Electronic Design & Installation Association trade show in September 2007, NME exhibited two players set for release in October 2007. There were 20 US titles available at launch time, including some from Icon Productions, Paramount Pictures, Walt Disney Pictures, New Line Cinema, DreamWorks SKG, Lionsgate and Weinstein Co.. They have also signed a deal with Bollywood production company Eros Group who intended to release 50 Bollywood features on the format.

The two initial players to be released are the ML622S and the ML777S. The ML622S will cost approximately $150 USD. The ML777S costs currently (2008-01) USD 200 and includes USB ports (for connection to external storage devices) and a media-card reader.