Wal-Mart announced on Monday that it plans to buy broadband entertainment provider Vudu. The deal would give the world's biggest retailer the ability to sell movies directly through TVs and Blu-ray players over the Internet.
RENEE MONTAGNE, Host:
NPR's business news starts with Wal-Mart's instant video venture.
(SOUNDBITE OF MUSIC)
MONTAGNE: If the future of video is streaming, Wal-Mart wants part of the action. Yesterday, the retail giant said it's buying an Internet video startup called Vudu. The move will allow customers to rent or buy movies online without needing a computer cable or satellite service. They just need Internet access and a TV or a Blu-ray player embedded Vudu's technology. Wal-Mart is moving into a crowded field that already has major players, including Netflix, Amazon and iTunes.
NPR transcripts are created on a rush deadline by Verb8tm, Inc., an NPR contractor, and produced using a proprietary transcription process developed with NPR. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.