Point of clarification: While the technology behind the VCR was invented in the '50s and matured in the '60s, consumer-grade video tape systems weren't really a thing until Betamax and VHS arrived in 1975 and 1976 respectively.
Early VCRs were also incredibly expensive, with prices ranging from $3,500 to almost $10,000 after adjusting for inflation. Just buying into the VHS ecosystem at the entry level was a similar investment to buying an Apple Vision Pro today.