This is a excerpt reprinted from a article by Robert Silva
The Bottom Line
Although VCR production has been discontinued, there are still millions in use around the world, however, that number continues to dwindle. Fortunately, for the time being, if you buy a new LCD or 4K Ultra HD TV, you can still connect your VCR to it and playback those old VHS videos.
However, time is running out -- at some point, all analog video connections may be removed as an option. That is already the case with S-video, and, in most cases, component and composite video connections on TVs are now shared. In other words, you may not be able to connect an older DVD player that does not have HDMI outputs, or a VCR, which only has composite video outputs to your LCD TV at the same time.
Although being able to watch old VHS VCR recordings on your LCD TV may still be important, but if you are still actually recording TV shows or home videos onto VHS, the quality is very poor compared to other options. If nothing else, not only will your connection options become more rare with every new TV purchase, you will no longer be able to replace that old VCR with a new one.
Robert Silva has written about audio, video, and home theater topics since 1998. Previously, Robert was an audio/video expert for About.com.