Introduced in 1993 and developed by companies including Philips and Sony, Video CD (VCD) was the first format for distributing films on standard 120 mm compact discs, utilizing MPEG-1 compression for near-VHS quality video. While it achieved massive popularity in Asian markets during the 1990s and 2000s, it did not see widespread adoption in North America or Western Europe, where consumers often moved directly from VHS to DVD. For more details, visit Wikipedia.