In a sense this is reinventing digital sound-on-film, but without the continuous feed and with a much lower tape speed. https://en.wikipedia.org/wiki/Sound-on-film
Another picture:
https://www.reddit.com/media?url=https%3A%2F%2Fi.redd.it%2Fh...
Another picture:
https://www.reddit.com/media?url=https%3A%2F%2Fi.redd.it%2Fh...