Pete Davidson has bought thousands of VHS tapes to make money

Pete Davidson has bought thousands of VHS tapes to make money

Pete Davidson has bought thousands of VHS tapes, with the hope that they’ll be hugely profitable in just a few years.

Everything old is new again. Just as vinyl has made a resurgence in recent years, Pete Davidson is hoping that VHS will follow a similar path… and he’s made a pretty sizable investment to support that belief.

While making an appearance on The Tonight Show Starring Jimmy Fallon, Pete Davidson revealed that he started collecting sealed VHS tapes several years ago. “I started collecting VHSes that were sealed in the box like three years ago ’cause I was really high one night,” Davidson said. “So listen to this, guys: In 2026, it’ll be 20 years since the last VHS was made, right? So 20 years goes by — that’s enough time for people to be like, ‘Oh, that was cool, remember?’ Like vinyl? So I bought all the sealed ones that exist — like, three to five thousand tapes.

When Jimmy Fallon and the audience began laughing, Davidson exclaimed, “You guys sound like my mom! No one believes in me!” The comedian seems confident that his plan will pan out because as of a month ago, “sealed VHSes are now going for 20 to 30,000 grand a pop! Rocky just sold for like $27,000. It’s my GameStop. I own all of them, dude! Dude, no one believed in me! It’s gonna happen, you guys!” However, Davidson admitted that if his VHS scheme doesn’t work, he’ll “be on the road forever.” Plenty of folks still collect VHS tapes, but will it make a vinyl-like comeback? I suppose we’ll see.

Pete Davidson will be hosting Saturday Night Live on October 14th for the season 49 premiere. He was set to host an episode of the previous season earlier this year, but when the WGA strike began, the episode was cancelled. Now that the WGA strike is over, the writers are free to work on the series. Although SAG-AFTRA is still on strike, Saturday Night Live has the full blessing of the union to return. Cast members and hosts who are members of SAG are free to work on Saturday Night Live as the show (as well as late-night shows such as The Tonight Show, The Late Show, etc) falls under a different contract, the Network Code.

Our members appearing on Saturday Night Live either as hosts, guests, or cast members are working under the Network Code agreement, which is not a contract we are striking,” SAG-AFTRA said in a statement. “They are not in violation of SAG-AFTRA strike rules, and we support them in fulfilling their contractual obligations.

Is anyone else holding on to a large VHS collection for retirement?