Japan’s Funai Electric, a company that claims to be the last manufacturer of VCRs, will manufacture its last VHS player this month.
Developed by Victor Company of Japan (JVC) in the early 1970s, it was released in Japan in late 1976 and in the USA in early 1977.
VHS ruled the home entertainment world for more than two decades. Sony created the DVD player in 1994, but the technology did not debut in the United States until 1997, due in larger part to copyright concerns from major movie studios. With early DVD players retailing for $1,000 or more, Video Home Systems remained the top configuration in the United States of America into the new millennium.
In 2001, retail DVDs topped VHS sales for the first time, capturing $4.6 billion of an annual $16.8 billion buying-and-rental market. However, only 25% of homes owning DVD players in 2001, and
VHS remained the top rental configuration until mid-2003.
https://t.co/uTdCO7LG5c via Forbes
