"...Pioneer Corporation has announced today the introduction of the DVD Recorder DVR-7000 to the North American market this autumn, to be followed by other overseas markets. The DVR-7000 is based on the DVD-R/RW format and its suggested retail price for the U.S. market is $2,800. An ideal introduction to the largest DVD market in the world, providing playback compatibility with existing DVD-Video players and DVD-ROM drives.Adoption of this format is optional for manufacturers of DVD playback devices, and there are DVD-Video players, DVD-ROM drives or other DVD playback devices that do not play DVD-R/RW discs recorded in the DVD-Video Format
DVD-R and DVD-RW are structurally very similar to DVD-ROM, so playback compatibility can easily be realized with existing DVD-Video players and DVD-ROM drives. For this reason, personal computer makers worldwide have begun to sell products equipped with DVD-R/RW drives. DVD-R/RW will be especially beneficial to the North American market - the largest market for DVD-Video players and DVD-ROM drives in the world. DVD-Video Format (Video Mode) is a new format for recording on DVD-R/RW discs that was approved by the DVD Forum in 2000..."