They are just compilation of shorts, every short has a different director the cohesive story between them is there just because.
Talking about the trailer and since you mention VHS, i got the impression of them playing the whole retro tapes angle now with the '94 on the tittle and the VHS tracking lines look, maybe it's a theme for the shorts this time.
Edit: confirmed directors for this one with some returning ones, "Simon Barrett, Timo Tjahjanto, Jennifer Reeder, Ryan Prows, and Chloe Okuno."