You are thinking of one of two formats:
Laserdiscs are still on the market, and are essentially LP-sized CDs.
"CED discs" (sold as "RCA Selectavision") were darker colored discs stored inside a non-removable plastic "caddy".
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More details on the formats:
(1) Laserdiscs:
http://en.wikipedia.org/wiki/LaserdiscLaserdisc (LD), previously known as Reflective Optical Videodisc, Laser Videodisc, Disco-Vision, DiscoVision, and MCA DiscoVision and originally spelled LaserDisc (note the CamelCase) was the first commercially available optical disc storage medium. The format offered large storage capacity, but its use as a backup medium was limited; the technology was used primarily as a high-end home video format.
Despite being technologically superior to VHS, the Laserdisc format was nowhere near as popular or as far reaching and is not considered to have been hugely successful. Nonetheless, Laserdisc developed a niche following in America among collectors and, to a greater degree, in Japan, where the format was better supported and more prevalent during its lifetime.
Compact discs, DVDs, Blu-ray Discs and all other optical-disc formats released since Laserdisc have included features that debuted on the Laserdisc format.
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(2) RCA SelectaVision VideoDiscs
http://en.wikipedia.org/wiki/SelectaVisionCapacitance Electronic Disc
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Capacitance Electronic Disc
The CED disc, exposed from protective caddy
Media type video playback media
Capacity 60 minutes NTSC video per side, 27,000 frames per side[1]
Usage Home video
The Capacitance Electronic Disc (or CED) was a video playback system developed by RCA, in which video and audio could be played back on a TV using a special analog needle and high-density groove system similar to phonograph records.
Introduced in 1981, the CED system was widely seen as a technological success which was able to increase the density of a long playing record by two orders of magnitude.[2] Despite this achievement, the CED system fell victim to poor planning, conflicts within RCA, and technical difficulties that stalled production of the system for 17 years until 1981, by which time it was outmoded by the emerging Betamax and VHS videocassette formats. Sales for the system were nowhere near projected estimates, and by 1986, RCA had discontinued the project, losing an estimated $600 million in the process.
The format was commonly known as "videodisc", leading to much confusion with Laserdisc format, which is mutually incompatible with this format.
The name "SelectaVision" was RCA's brand name for the CED system. It was also used for some early RCA brand VCRs,[3] and other experimental projects at RCA.