Short answers, pulled from the story.
Near the end of 1977, Magnetic Video struck the first home video licensing deal with 20th Century Fox. Magnetic Video paid a royalty of seven dollars and fifty cents per unit sold and a guaranteed annual minimum of five hundred thousand dollars in exchange for nonexclusive rights to fifty Fox films.
Magnetic Video priced its first videocassettes at fifty to seventy dollars each, based on the belief that only a small number of dedicated collectors would buy them to own. At the time, the average American movie ticket cost two dollars and twenty-three cents. Studios expected the primary buyers to be rental stores, not individual consumers.
LaserDisc players were expensive and, unlike VHS, could not record television programs. That inability to record was a decisive disadvantage with mainstream consumers. The format retained stronger commercial support in Japan, Hong Kong, Singapore, and Malaysia throughout its lifespan.
Blu-ray was officially released on the 20th of June 2006. It competed against the HD DVD format, which was backed primarily by Toshiba. Toshiba conceded in February 2008, ending the format war in Blu-ray's favour.
Children's video proved that consumers would repeatedly watch the same film many times, overturning the industry assumption that only rental demand existed. The Walt Disney Company's Buena Vista Home Entertainment division capitalised on this through the 1980s and 1990s. The division's success was significant enough that executive Bob Chapek rose through its ranks to become chief executive officer of the entire Walt Disney Company in 2020.
Funai, the last known manufacturer of VCRs, announced that it was ceasing production in July 2016.