Sony and Panasonic have announced their partnership to develop the successor of Blu-ray technology by 2015 which will 350GB of data. Currently highest-capacity Blu-ray discs can hold as much as 128GB of data.

Sony has been recently working on a variant of removable storage technology that is capable of holding as much as 1.5TB of data per unit, while Panasonic has been busy building a RAID technology that is claims allows storage of up to 180TB of data. Both the companies have worked together before on Blu-ray technology as well as HD-DVD era.

The companies have project 2015 as release year of the technology but, haven’t revealed anything specific in terms of the timeline. Sony, while announcing the partnership said, “In recent years, there has been an increasing need for archive capabilities, not only from video production industries, such as motion pictures and broadcasting, but also from cloud data centers that handle increasingly large volumes of data following the evolution in network services.”