This looks like it was originally a multi-image production that was later captured on video. Multi-image shows used racks of slide projectors aimed at a screen, which allows for cuts and crossfades and a few other effects. You’d typically see these kinds of productions at product launches or museum displays. It probably peaked in the late 1980s when projected video started to get good enough. I made a few multi-image shows between 1986 and 1989.