Mitsubishi's Verbatim, Known for CD, DVD and BD Optical Media, Sold to CMC
This month Mitsubishi Chemical Corp. decided to sell its legendary Verbatim business unit to CMC Magnetics. Verbatim is primarily known for its recordable optical media, but the company also sells USB flash drives, DAS devices, accessories, and so on.
Under the terms of the agreement, CMC will pay Mitsubishi Chemical $32 million in cash for Verbatim-related assets, including patents, technologies, sales network, and other. Being one of the pioneers of blank floppy disk and optical media, Verbatim owns a large portfolio of IP for discs, including production methods, various coatings, and other technologies. Meanwhile, Mitsubishi Chemical has used the brand to market USB flash drives, SSDs, DAS devices, power banks, various accessories, and even 3D printing filaments. It is unclear whether CMC is also set to get these businesses and whether it intends to keep them running.
CMC has manufactured Verbatim-branded optical media for a while now using Verbatim's technologies, so change of ownership is not expected to result in change of quality. Meanwhile, since the whole Verbatim supply chain will now belong to CMC, it is possible to expect the media to get slightly cheaper. Furthermore, with IP from Verbatim, CMC will be able to improve its own-brand products without paying for a license.
(Score: 1, Funny) by Anonymous Coward on Monday July 01 2019, @12:16AM (3 children)
Isn't this the stuff that Bill Gates called "the new papyrus" a few decades ago? Looks like the old papyrus has longer shelf life.
(Score: 3, Interesting) by takyon on Monday July 01 2019, @12:39AM
Let me show you the family heirloom, little Joey.
...
It's an M-Disc [wikipedia.org].
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(Score: 3, Funny) by PartTimeZombie on Monday July 01 2019, @12:59AM
Can't make a boat out of the new papyrus either.
Now I have written that I am sure there is some idiot on Youtube who has done it.
(Score: 2) by DannyB on Monday July 01 2019, @02:56PM
From TFA...
LOL!
The only thing about Verbatim that pops into my ancient memory is:
* over priced floppy disks
* tons of ads in computer magazines for . . . floppy disks
Known for op tickle media? Really? How did I miss that?
The lower I set my standards the more accomplishments I have.
(Score: 0) by Anonymous Coward on Monday July 01 2019, @04:49AM (1 child)
Verbatim is jap garbage anyways.
(Score: 0) by Anonymous Coward on Monday July 01 2019, @10:25AM
as long as my floppies still works, I'm happy.
Who was making those disks with elephant memory? I don't remember....