Japan Earthquake Creates Videotape Shortage; Affects U.S. TV Industry
The earthquake in Japan is having far-reaching global effects - in some surprising places.
It seems the Sony plant in Sendai, Japan had the monopoly on video tape in the world. Pre-earthquake, a two-hour tape ran $250. Now that the plant has been damaged and supplies are running out, 90-minute tapes are selling just under $1000...