LOS ANGELES (CBSLA.com) — Sony announced Tuesday the impending death of Betamax, set for March 2016.

Akin to the Blu-Ray vs. HD DVD battle of the 2000s, the Betamax format lost the 1970-80s video recording format battle to the VHS format. VHS then gave way to DVDs, which now feel obsolete in the age of streaming video and music from the cloud.

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PHOTO GALLERY: Dying Technologies

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Betamax was first released by Sony in May 1975.

While Betamax is a product of the disco era, Sony says it sold more than 18 million units of Betamax VTR equipment worldwide.

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In the Japanese-language news release, the company also announced the discontinuation of the Micro MV cassette, which was first introduced in 2005.