Yes and your VHS had a resolution of 720 x 480. Compare that to the next gen 8K UHD TV's with a resolution of 7680 × 4320 ... and do you really think manufacturers will stop there? What about 3D, holographics? How much data will they consume? It's predicted that m2m (machine 2 machine) will take over from humans as the biggest user of the internet in the not too distant future.
