Connect with us

Hi, what are you looking for?

New Products

Walmart Acquires VUDU Movie Streaming Service

622037.jpg

Walmart aims to enhance home entertainment and information delivery options for consumers

VUDU

Walmart announced yesterday a definitive agreement to acquire VUDU, Inc., a leading provider of digital technologies and services that enable the delivery of entertainment content directly to broadband high-definition TVs and Blu-ray players. The deal is expected to close within the next few weeks.

VUDU is a revolutionary service, built into a growing number of broadband-ready TVs and Blu-ray players, that delivers instant access to thousands of movies and TV shows directly through the television. Customers with broadband Internet access and an Internet-ready TV or Blu-ray player can rent or purchase movies, typically in high-definition, without needing a connected computer or cable/satellite service. New movies and features will be added continually, enabling customers to enjoy a product that continues to become more robust long after they have left the store.

“The real winner here is the customer,” said Eduardo Castro-Wright, vice chairman for Walmart. “Combining VUDU’s unique digital technology and service with Walmart’s retail expertise and scale will provide customers with unprecedented access to home entertainment options as they migrate to a digital environment.”

VUDU has licensing agreements with almost every major movie studio and dozens of independent and international distributors to offer approximately 16,000 movies, including the largest 1080p library of video on-demand movies available anywhere. Via their broadband Internet connection, users have the ability to rent or buy titles and begin viewing them instantly.

VUDU will continue developing entertainment and information delivery solutions such as VUDU Apps, a platform that delivers hundreds of streaming Internet applications and services to TVs and Blu-ray players with built-in Internet connectivity. VUDU has partnered with some of the leading names in Internet and media entertainment to offer applications on its platform including Facebook, Flickr, Twitter, The New York Times and The Associated Press.

“We are excited about the opportunity to take our company’s vision to the next level,” said Edward Lichty, VUDU executive vice president. “VUDU’s services and Apps platform will give Walmart a powerful new vehicle to offer customers the content they want in a way that expands the frontier of quality, value and convenience.”

VUDU, based in Santa Clara, Calif., will become a wholly-owned subsidiary of Walmart. The company is not disclosing financial terms of the agreement as the acquisition is not material to its first quarter earnings for fiscal year 2011.

Advertisement. Scroll to continue reading.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

Latest Products

Radiant Acoustics Clarity 6.2 and 4.2 Bookshelf Speakers

Bookshelf Speakers

Full range sound from bookshelf speakers? Check out the new Radiant Acoustics CLARITY 6.2 and 4.2 loudspeakers featuring PURIFI USHINDI woofers and custom AMT...

FiiO SP5 Desktop Speaker FiiO SP5 Desktop Speaker

New Products

FiiO expands its desktop audio lineup with the new SP5 active speakers, featuring upgraded amplification, premium drivers, and wide-format connectivity for under $750.

AVID Relveo Turntable Lifestyle AVID Relveo Turntable Lifestyle

New Products

AVID launches the Relveo, its first all-new turntable in 12 years. Handmade in the UK and priced at £6,900 ($11,000 US), the Relveo targets...

IKEA BLOMPRAKT Bluetooth Speaker Lamp and NATTBAD Wireless Speaker IKEA BLOMPRAKT Bluetooth Speaker Lamp and NATTBAD Wireless Speaker

New Products

IKEA says "hejdå" to Sonos and builds its own smart speaker lineup with BLOMPRAKT and NATTBAD — affordable, Matter-friendly, and simple enough to set...

Soundcore Boom 3i portable Bluetooth Speaker floating in water Soundcore Boom 3i portable Bluetooth Speaker floating in water

New Products

Rugged, floating Bluetooth speaker built to survive saltwater, drops, and your worst outdoor mishaps. Expect serious bass, 16-hour playtime, and an emergency alarm that...

Beyerdynamic AVENTHO 100 Wireless Headphones Lifestyle Beyerdynamic AVENTHO 100 Wireless Headphones Lifestyle

New Products

Beyerdynamic AVENTHO 100 wireless headphones offer retro style, German-engineered sound, ANC, and travel-friendly features at a competitive price in 2025.

Gift Ideas?

Amazon Prime Day is July 8-11, 2025

Daily Deals

Amazon Prime Day is a four-day shopping event from July 8-11, 2025 offering the biggest discounts of the year on consumer electronics.

You May Also Like

Advertisement

ecoustics is a hi-fi and music magazine offering product reviews, podcasts, news and advice for aspiring audiophiles, home theater enthusiasts and headphone hipsters. Read more

Copyright © 1999-2024 ecoustics | Disclaimer: We may earn a commission when you buy through links on our site.



SVS Bluesound PSB Speakers NAD Cambridge Audio Q Acoustics Denon Marantz Focal Naim Audio RSL Speakers