Wal-Mart Confirms It Will Buy Vudu Movie Service
By: AP
Wal-Mart Stores says it will buy broadband entertainment provider Vudu, a deal that gives the world's biggest retailer the ability to sell movies directly through TVs and Blu-ray players over the Internet.
Wal-Mart did not disclose the terms of the deal.
Vudu's technology can deliver video to consumers who do not have cable or even a computer. Customers who have broadband Internet access and an Internet-ready TV or Blu-ray player can rent or buy movies through Vudu.
Vudu has licensing agreements with major movie studios and distributors for about 16,000 movies. Vudu is based in Santa Clara, Calif.
Wal-Mart Stores says it will buy broadband entertainment provider Vudu, a deal that gives the world's biggest retailer the ability to sell movies directly through TVs and Blu-ray players over the Internet.
