In September of 2003, Canon, Sharp, Sony and JVC announced they would work together on a home High Definition Video (HDV) standard.
HDV allows high definition video to be stored on an ordinary DV or Mini DV tape. The video streams over Fire Wire using an MPEG-2-TS (or "Transport Stream") format.
The bulky cathode ray tube dominated both black and white and color sets, and the sharpness of a color picture was no better than black and white.
The transition to HDTV, on the other hand, was accompanied by increasingly affordable thin flat-screen panels that returned room space to every purchaser even while dramatically increasing the size of the picture.
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