Walmart buys video firm Vudu
Robert Clark |
February 23, 2010
telecomseurope.net
A person close to the deal said Walmart paid more than $100 million (€73.5 million) for the three-year-old Silicon Valley company, the
New York Times reported . Best Buy, Amazon.com, Comcast and EchoStar had also expressed interest in Vudu.
Vudu’s technology can be built into net-connected TVs and Blu-ray players to deliver streaming video apps and other content. It has a library of 16,000 movies and licensing agreements with most major movie studios, as well as partners such as Facebook, Flickr, Twitter, New York Times and Associated Press.
Walmart is joining a busy segment, with Microsoft, Sony, Amazon, Netflix and Blockbuster all offering online movie stores for net-connected HDTVs, Blu-ray players or video game consoles.
Currently it is a small market – fewer than 5% of the HDTVs sold in the US last year supported internet access. Walmart’s entry into the business will help change that.
Links:
[1] http://walmartstores.com/FactsNews/NewsRoom/9661.aspx
[2] http://www.nytimes.com/2010/02/23/technology/23video.html
[3] http://www.telecomseurope.net/telecomseurope.net
[4] http://www.digg.com/submit?url=&title=Walmart buys video firm Vudu&bodytext=A chance to sell instant home entertainment centres
[5] http://www.telecomseurope.net/content/walmart-buys-video-firm-vudu#comment
[6] http://www.telecomseurope.net/print/9253
[7] http://www.telecomseurope.net/tag/internet tv
[8] http://www.telecomseurope.net/tag/merger and acquisition
[9] http://www.telecomseurope.net/tag/online video
[10] http://www.telecomseurope.net/tag/vudu
[11] http://www.telecomseurope.net/tag/walmart
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