HVD Alliance forms around 1 TeraByte disc

Via Engadget. That's One TeraByte of data on the "Holographic Versatile Disc"! Here's the press release from Optware:

Six companies including CMC Magnetics Corporation, FUJI PHOTO FILM CO., LTD., Nippon Paint Co., Ltd., Optware Corporation, Pulstec Industrial Co., Ltd. and TOAGOSEI CO., LTD., advocates of "Holographic Versatile Disc (HVD)" announced today to form "HVD Alliance" to accelerate the development of HVD, to develop a marketplace and to promote this revolutionary technology and products. A technical committee, TC44 to discuss the standardization of "Holographic Versatile Disc (HVD)" was approved at 88th Ecma International General Assembly on December 9th 2004. The first TC44 meeting will be held in Tokyo on March 3rd and 4th.

Go Big or Go Home! Well, that will cast a shadow over the Blu-ray and HD-DVD guys, maybe put enough fear into them to get them to sort things out (like now). Yes, it will be many years before the HVD disc is in the market, but it nice to know they are working on it.