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Going to the Tape

June 7, 2014

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Profile America — Saturday, June 7th. A home entertainment revolution began on this date in 1975 when the videocassette recorder was introduced. It was Sony's Betamax format recorder, which in a very few years was superseded by the rival VHS format. At its peak, some 9-out-of-10 households across the country had a VCR. Then, the DVD was introduced in 1997 and quickly eclipsed videocassettes. Now, the rising format is the Blu-ray system, allowing video quality to match high-definition television sets. Renting out discs and what's left of videocassettes is the business of over 6,600 shops in the U.S., engaging in a nearly $9.5 billion a year business. You can find current data on the country's economy by downloading the America's Economy mobile app at <www.census.gov/mobile>.

Sources:
http://www.wired.com/thisdayintech/2011/06/0607betamax-vcr-television-recorder/
http://factfinder2.census.gov/faces/tableservices/jsf/pages/productview.xhtml?pid=BP_2011_00A1&prodType=table NAICS 532230 over 6,600
http://factfinder2.census.gov/faces/tableservices/jsf/pages/productview.xhtml?pid=ECN_2007_US_00A1&prodType=table


Source: U.S. Census Bureau | Public Information Office | Last Revised: May 20, 2014