Then, came the advent of videotape.
Once again, the film companies went BALLISTIC!! The SAME man professing doom as a result of the online world said that VCRs were going to be the end of the business.
Yes, Jack Valenti said:
"the VCR is to the American film producer and the American public as the Boston strangler is to the woman home alone."
He asked for a modest royalty of $25 to $50 a blank tape!!