The end of VCR era

The end of VCR era

It's the invention that changed the way the world watched home recordings and Hollywood films.

But in just four weeks' time, the last ever company to manufacture videocassette recorders will shut down production as the Netflix generation takes over.

The closure in August comes as services like Netflix and YouTube continue to revolutionise the way we watch films and TV.

Japan's Funai Electric, which is making VCRs since 1983, used to sell 15 million VCRs a year in its heyday. Read More The Financial Express