After its youthful Betamax battles, the longer-playing VHS tapes eventually became the format of choice for millions of consumers. VHS enjoyed a lucrative career, transforming the way people watched movies and changing the economics of the film biz. VHS hit its peak with "The Lion King," which sold more than 30 million vidcassettes Stateside.
The format flourished until DVDs launched in 1997. After a fruitful career, VHS tapes started to retire from center stage in 2003 when DVDs became more popular for the first time.
Since their retirement, VHS tapes have made occasional appearances in children's entertainment and as a format for collectors seeking titles not released on DVD. VHS continued to make as much as $300 million a year until this year, when studios stopped manufacturing the tapes.
Monday, November 27, 2006
The format was supposed to live until at least January. but retailers decided to open shelf space for other things. Variety reports:
Buy a few for the holidays, hand 'em out as stocking stuffers.