In this paper, the spin-coated thin films of phthalocyanine dye are presented. Absorption spectrum of the thin film shows a comparatively broad absorption in the wavelength range 630-770 nm. Optical parameters of the thin film were measured by a spectroscopic ellipsometer system. 5-in CD-R discs made of this dye exhibit good performance with Yamaha 20-speed recorder. Jitters of land and pit are less than 30 ns, and the 3T-11T's signals show very good quality. This dye is a promising recording medium for CD-R with much higher recording speed.