Meanwhile, video rental stores are “fading to black”
The purchase gives Wal-Mart, based in Bentonville, Ark., a method of reaching consumers who want entertainment without having to leave their homes. Vudu has a library of about 16,000 movies, many of which can be streamed for instant viewing, according to the statement. The company’s software is installed in a number of televisions and Blu-ray players, and users don’t need a connected computer or cable-satellite service to use it.
Vudu, a privately held company with 50 employees based in Santa Clara, Calif., helps consumers stream movies to high-definition televisions and Blu-ray disc players, its website states.