6 Firms Form Holographic Versatile Disc Alliance

gardolas writes "'Fuji Photo and CMC Magnentics are two of six companies, who have formed a consortium to promote HVD technology, which they say can be used to put 1TB of data onto just one disc. The consortium say that a HVD disc could hold about 200 standard DVD's, and transfer data at speeds 40 times that of DVD, about 1GB per second.' HVD is being seen as a possible successor to Blu-ray and HD-DVD technologies."