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The earliest known attempt to release an OVA involved Osamu Tezuka's The Green Cat (part of the Lion Books series) in 1983, although it cannot count as the first OVA: there is no evidence that the VHS tape became available immediately and the series remained incomplete. Therefore, the first official OVA release to be billed as such was 1983's Dallos, directed by Mamoru Oshii and released by Bandai. Other famous early OVAs, premièring shortly thereafter, were Fight! Iczer One and the original Megazone 23. Other companies were quick to pick up on the idea, and the mid-to-late 1980s saw the market flooded with OVAs. During this time, most OVA series were new, stand-alone titles.
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Most OVA titles run for four to eight episodes, and some only have one. They tend to have a complex and continuous plot[citation needed], best enjoyed if all episodes are viewed in sequence. This contrasts with television series, which generally have many short "mini-stories" that happen to be related somehow, rather than a unified plot. Many OVA titles can be thought of as "long films" that just happen to be released in parts. Release schedules vary: some series may progress as slowly as 1–2 episodes per year. Some OVA titles with a lengthy release-schedule ended up unfinished due to lack of fan support and sales.

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