END OF THE LINE FOR THE VIDEO

The first commercial video machine – the Ampex VRX-1000 – was designed in 1956 and cost £30,000.

The video cassette recorder, which became common in most homes, was designed by Sony in 1969. It came to the UK in 1972.

At its peak Blockbuster had 9,000 stores and 60,000 employees. It closed down in 2013.

Netflix founder, Reed Hastings, started the firm after being fined £30 for returning a video of Apollo 13 late.

About 50pc of films released on VHS have never made it to DVD – making some titles worth thousands of pounds.