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Growing up here in South Africa, my parents and their friends also had a tradition of watching this (recorded on VHS) on New Year's Eve.

I always assumed it was just a thing among my parent's friend group

I wonder why, maybe influence of German heritage South Africans?

This was part of my childhood, and I presumed it must be a British influenced thing.

It's all of Germany, every family I know. I grew up in Düsseldorf in the 1980s and 90s.