An innovative video production and editing system for Windows from NewTek, Inc., San Antonio, TX (www.newtek.com). Known officially as the VT Series, Video Toaster was introduced in 1990 for the Amiga computer. Revolutionary at the time for the desktop video market, Video Toaster included hardware and software that provided digital effects, character generation and 3D animation. It also controlled professional analog tape decks, and its USD $5,000 price tag made it the most affordable broadcast-quality video system on the market. In the mid-1990s, Commodore and the Amiga went out of business. In 1999, a Windows version of Toaster was released that supported uncompressed D1 digital video. In 2003, a greatly enhanced VT version was introduced that continued the tradition of providing a professional video production environment at a fraction of the cost of mainstream editing systems. Major upgrade VT came out in 2007 and included LiveSet, NewTek's proprietary, photo-realistic 3D virtual set system. See video/TV history.