The Video Home System (VHS) is a standard for consumer-level analog video recording on tape cassettes. Developed by Victor Company of Japan (JVC) in the early 1970s, it was released in Japan in late 1976 and in the USA in early 1977.
The Young Teacher is a 1972 South Korean family drama film which is recognized as the first film released in the VHS format in 1976. A new teacher organizes a volleyball game to boost school spirit and self confidence while fighting with the conservative school board and chauvinistic principal. Two of her students run away and the teacher's liberal methods and free thinking are blamed. The teacher is fired and tries to sneak away during the volleyball match which she succeeded in pushing through.
The first three American flicks were released in 1977 on VHS. They were 'The Sound of Music', 'Patton', and 'MASH' with an average retail cost of $50-$70, each.