On Monday Wal-Mart announced it agreed to buy online streaming video service Vudu, which allows customers to select online from 16,000′s licensed films, then view movies instantly on their TVs.
“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,” Eduardo Castro-Wright, vice chairman of Wal-Mart (WMT,Fortune 500), said in a statement.
Vudu is developing hundreds of Internet applications and services that will allow viewers to stream movies to their TVs and Blu-ray disc players, and the video service has already partnered with Internet and media companies such as Facebook, Twitter and the Associated Press, Wal-Mart said.
“The world is a stage, but the play is badly cast.” – Oscar Wilde
