@NanoRaptor in the 90s, I had a 230MB MO drive and a few packets of disks, but none of them had a display on it, never mind colour and backlit! I must have been conned.
It was the superior technology compared to zip and syquest, and media were cheaper but the drives were quite expensive.

In a business environment, the 5.25" MOs and the variant WORMs had quite a market as an archiving solution, huge jukeboxes were built before HDD capacities overtook them.