Forty years after the first VHS video cassette recorder came to revolutionize the way we watch movies, the last company to produce the devices has ceased operation. According to the Japanese newspaper Nikkei, the Japanese consumer electronic company Funai Electric will stop all production at the end of July, according to Mental Floss.
Don't Miss: iPhone 8: Everything You Need to Know
The biggest reason for the end is that sales are declining, though it is also really difficult to get the necessary parts. The Funai brand isn't that well-known, they have been selling VCRs under the Sanyo brand in both North America and China.
Funai Electric started production of VCRs following the unsuccessful launch of their own CVC format in 1983. At its peak, Funai Electric sold 15 million VCRs per year - though they only sold 750,000 last year. To many of us, even that number seems really high thanks to the competition from Blu-ray and DVDs. Personal video recorders and on-demand viewing has all but eliminated it.
The other chief competitor of VCRs, Betamax Players, were discontinued in 2002, but you could still get the tapes until November 2015.
There is a growing community of people who are collecting VHS tapes, however, including people who will pay thousands of dollars for rare horror movies.
Don't Miss: See the first leaked Black Friday 2016 Ad
"These are movies that feel too cleaned-up on DVD and Blu-ray, as if they were never meant to look that good," one collector told The Independent. "You can see the mistakes they made and the bad makeup and everything. Watching them on VHS is closer to the old drive-in or grindhouse theatre, the way the director intended it to look."