The VHS tape was developed in the 1970s by a joint venture between JVC, Matsushita (Panasonic), and Philips. It quickly became the dominant home video format in the 1980s and 1990s. VHS tapes were popular because they were relatively inexpensive to produce and play, and they could record up to two hours of video. However, the quality of VHS tapes was not as good as that of other formats, such as Betamax, which was developed by Sony.
The VHS format was eventually superseded by DVDs and Blu-rays, which offer better picture and sound quality. However, VHS tapes are still used by some people today, and there are a number of companies that still manufacture and sell them.