JVC To Liquidate U.S. VHS Videotape Unit

DVD has been pushing pre-precorded VHS tapes off retail and rental shelves for some time, but now, the impact of DVD recording and burning is starting to affect the demand for blank VHS tapes. As a result, JVC (the developer of VHS) will be closing its U.S. blank video tape manufacturing facility. For more details, check out the report from Camcorder Info.