The document discusses the Holographic Versatile Disc (HVD), a next generation optical disc format that can store up to 3.9 terabytes of data. HVD uses holographic memory techniques to record information by using the interference patterns of laser light. It has a high storage capacity and fast data transfer rate compared to existing formats like DVDs. The HVD format is supported by many technology companies and movie studios as the successor to DVDs for high definition video and audio storage.