"And the VCR did the same thing: the movie industry thought nobody would ever watch movies any more"

This quote by Niklas Zennstrom is describing the effect of innovation on the movie industry. When the VCR was first presented, the film industry was concerned that it would cause a reduction in film viewership. They feared that individuals would no longer go to the theater to see motion pictures, however rather enjoy them in the house on their VCR. This fear was unfounded, nevertheless, as the VCR really increased the popularity of motion pictures. People had the ability to watch motion pictures in your home, however they likewise continued to go to the theater to watch them. The VCR enabled individuals to watch motion pictures at their own convenience, and it also enabled them to see movies that they might not have been able to see in the theater. The VCR ultimately had a favorable impact on the film market, as it allowed people to see films in a range of ways.