A MiniDisc (MD) is a magneto-optical disc-based data storage device initially intended for storage of up to 74 minutes and, later, 80 minutes, of digitized audio. In the form of Hi-MD, it has also developed into a general-purpose storage medium.
MiniDisc was announced by Sony in September 1992 and released that November for sale in Japan and in December for the USA and Europe. The music format was originally based exclusively on ATRAC audio data compression, but the option of linear PCM digital recording was later introduced to attain audio quality comparable to that of a compact disc. MiniDiscs were very popular in Japan but made a limited impact elsewhere.
Sony's MiniDisc was one of two rival digital systems introduced in 1992, that were both targeted as a replacement for the Philips analog cassette audio tape system: the other was Digital Compact Cassette (DCC), created by Philips and Matsushita. Sony had originally intended for Digital Audio Tape (DAT) to be the dominant home digital audio recording format, replacing the analog cassette. Unfortunately, due to technical delays, DAT was not launched until 1989, and by then, the U.S. dollar had fallen so far in relation to the yen, the introductory DAT machine Sony had intended to market for about $400 in the late 1980s now had to retail for $800 or even $1000 to break even, putting it out of reach for most users.