Here's your summary from VHS Is Introduced | On This Day (https://www.youtube.com/watch?v=Gc0403tJXy4) on the Bloomberg Television channel:

### TLDR:

VHS was introduced in the US in 1977 as a competitor to Betamax, offering more features and lower prices, leading to its eventual dominance in the market until newer formats took over.

### Key Points:

1. VHS was officially introduced in the US in 1977 under the brand name Big Star, competing with Sony Betamax.

2. VHS offered more features and lower prices compared to Betamax, leading to its widespread adoption.

3. The last Hollywood film officially released on VHS was David Cronenberg's "A History of Violence."

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