GLMDesigns writes: "When the Betamax videocassette recorder hit American living rooms in 1976, consumers, for the first time, could tape their favorite TV shows and watch them later. Hollywood hated it.
... The decisions had enormous implications for the media economy. The VCR gave way to the DVD player and the digital video recorder. Videotape gave the kiss of life to the low-budget independent film. From “Rip. Mix. Burn.” to YouTube, every step of the evolution of digital media has been affected by that decision."