Earlier this year, we reported that Moser Baer had purchased Philips' R&D subsidiary, OM&T, with the hope that it would jumpstart their Blu-ray media business. This acquisition has apparently paid off as Moser Baer is claiming that they've developed the world's first 8x Blu-ray Disc.
Optical and magnetic storage manufacturer Moser Baer India has developed the world’s first high speed 8x Blu-ray disc (BDR), which is a major advance in next generation optical media formats. The 8x Blu-ray disc (BDR) technology has been jointly developed with newly acquired OM&T, the former R&D subsidiary of Philips.

With the latest development, end users will be able to have a faster media that can record a 2-hour transmission equivalent of HD (High Definition) quality data in less than 15 minutes. The next generation formats have a capacity ranging from 15 GB to 50 GB and offer over five to ten times the data storage capacity of standard DVD media. These next generation formats are best suited for reliable business backup, such as medical and government imaging, photography, videography, as well as high definition video recording.
No word on pricing or availability. As we find out more, we'll let you know. In the mean time, Moser Baer's entire press release can be found here.