Sony and Panasonic aim to release the Archival Disc in summer 2015.
Sony and Panasonic have jointly announced a new optical disc standard that stores ten times the amount of data as a Blu-Ray disc.
The new ‘Archival Disc’ can hold up to 300GB data, say the firms, which hope their invention will expand the market for long-term data storage.
Sony added that the Archival Disc will still be able to be read as technologies evolve past it, just like CDs can still be played on Blu-Ray devices.
The companeis said in a joint statement: "Recognising that optical discs will need to accommodate much larger volumes of storage going forward, particularly given the anticipated future growth in the archive market, Sony and Panasonic have been engaged in the joint development of a standard for professional-use next-generation optical discs."
The firms hope to launch systems supporting the new standard from summer 2015, as well as stating their intentions to increase the recording capacity per disc to 500 GB and one TB in future.