Walmart eyes sale of Vudu streaming service to NBCUniversal: Report
On-demand rental service could complement Peacock
NBCUniversal is in talks to buy on-demand video streaming service Vudu from Walmart Inc., The Wall Street Journal reported Friday.
Vudu customers can buy or rent movies and shows. It also has a free ad-supported service. Its apps are installed on more than 100 million devices in the U.S., according to the report.
ATTENTION WALMART SHOPPERS: STREAMING SERVICE VUDU FOR SALE?
Walmart bought Vudu for $100 million in 2010, according to the report. Financial terms of a possible NBCU purchase of the service weren’t reported.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| WMT | WALMART INC. | 89.50 | -0.94 | -1.04% |
| CMCSA | COMCAST CORP. | 43.20 | -0.27 | -0.62% |
NBCU is preparing to launch its new streaming service, Peacock, which will be priced at $4.99 per month or $9.99 per month without ads.
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NBCUniversal's Peacock streaming service is a nod to the media company's peacock logo. (NBCUniversal)
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Vudu’s service would complement Peacock and NBCU’s movie ticket and rental business, Fandango Media, people familiar with the talks told the Journal. Vudu’s movie-rental business is reportedly seven times the size of Fandango’s by revenue.
Walmart was reported to be shopping Vudu around last fall.
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