In the 80s, the three tape-based video formats VHS, Betamax and Video 200 competed for the favor of private users of video cassette recorders. In the end, the VHS system prevailed. This was then successively replaced by the DVD at the beginning of the new millennium, and soon after, the competitive battle was repeated between the descendants of the DVD, HD DVD, VMD, and Blu-ray Disc, where the Blu-ray Disc won. The losers of such a competition are both the manufacturers and the users of the defeated systems. If a user bet on the wrong system, then they would need to make another investment fairly soon to ensure that the latest films could be enjoyed. …
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