Wal-Mart Stores Inc (NYSE:WMT) seem to be taking a hit at Apple Inc. (NASDAQ:AAPL) while also throwing a punch at video streaming companies like Hulu and Netflix, Inc. (NASDAQ:NFLX)
Walmart, a NASDAQ Stock public listed company, has introduced a new subscription-free and on-demand streaming service which will allow owners of over 8,000 DVD and Blu-ray movies o convert them to their smartphones. Owners of movies from Paramount Pictures, Lions Gate Entertainment Corp. (USA) (NYSE:LGF), Sony Corp (ADR) (NYSE:SNE), Twenty-First Century Fox Inc (NASDAQ:FOX), Universal Pictures and Time Warner Inc (NYSE:TWX) will be able to access the movies on their Apple iPhones or Alphabet Inc (NASDAQ:GOOGL)’s Android smartphones.
To use the service, one will go to “Disc-to-Digital” in the Vudu application then scan the barcode on the Blu-ray or the DVD. If one chooses to convert a Blu-ray to HDX or a DVD to SD they are charged $2 for every title. To change a DVD to HDX, one will be charged $5. All Vudu subscribers are entitled to a one-time complementary conversion. Vudu subscribers are allowed to upload as many movies as they wish at a time and store them on their devices. There are approximately 8,000 titles for that can be converted into mobile versions but Vudu said the listed is not limited and more titles will be added soon.
Walmart, a NASDAQ Stock listed company bought Vudu for an undisclosed amount in 2010. In October 2016, Walmart unveiled the Vudu Movies on Us,” with which users could stream around 1,000 movies as well as TV shows free of charge. The company introduced the feature in a moved to attract more subscribers to its Vudu business, which offers titles for purchase or rent. The new moves by Vudu are Walmart’s latest digital push.
Walmart, the largest retailer globally recently unveiled a new app for pharmacy customers and money services creating an easier, faster and cashless payment option. Although customers will be required to physically come to the store to receive their prescriptions and confirm payments made via money services, express lanes will be established. This is expected to cut on the wait times to as low as 40 seconds compared to six or eleven mites.