Tuesday, July 26, 2011

Walmart wades into Online Video Streaming



NEW YORK (CNNMoney) -- Wal-Mart must be hoping that the third time's a charm: It announced Tuesday that it is launching an in-house movie streaming service directly on Walmart.com.

Wal-Mart (WMT, Fortune 500), the world's largest retailer, said it is fully integrating online video service Vudu -- which it acquired last year -- on Walmart.com.

A cloud-based video movie service, Vudu lets customers rent or buy movies over the Internet and stream them to their TVs, Blu-ray players and a variety of Vudu-enabled devices such as Sony's PlayStation 3 and HDTVs from LG Electronics, Sharp and Panasonic.

No comments: