 High-Quality Video CD (HQ-VCD), developed by the Video CD Consortium (consisting of Philips, Sony, Matsushita and JVC — creators of the original Video CD specification) was a relatively late entry.The Chinese Ministry of Information and the Video CD Consortium agreed to join forces, incorporating the features of HQ-VCD under a unified SVCD format.But by the time the SVCD specification was ready in July 1998, CVD had already been adopted by major manufacturers and had quickly established a significant installed base of about 600,000 players.