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At that time, not many people owned a VCR, and those who did tended to rent rather than buy videos.[citation needed] The late 1980s saw the emergence of a great many small companies which specialized in producing special-interest home videos, also known as "nontheatrical programming" and "alternative programming


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The first company to duplicate and distribute feature films from major film studios on home video was Magnetic Video. The Betamax and VHS home videocassette formats were introduced, respectively, in 1975 and 1976, but several more years and significant reductions in the prices of both equipment and videocassettes were needed before both formats started to become widespread in households.[citation needed] In the mid-1970s, videotape became the first truly practical home-video format with the development of videocassettes, which were far easier to use than tape reel


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