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Media

Wal-Mart Jumps Into Video Streaming 150

Endoflow2010 writes "Today Wal-Mart has added streaming video to their website. What better time to compete with Netflix, now that they have raised their prices? On Wal-Mart's website, the movies will be available the same day the DVDs go on sale in stores. Walmart.com general manager Steve Nave said the retailer is following its customers as they increasingly embrace digital movie rentals and purchases. 'We know customers are starting to shift their behavior, in terms of how they consume their media,' Nave said, adding, 'As as customers make that change, we don't want to lose that customer as they shift to digital.' Wal-Mart, long the nation's leading seller of DVDs, signaled its intent to double down on digital movie distribution in February 2010, when it spent a reported $100 million to acquire Vudu, a Silicon Valley start-up that was gradually being added to home entertainment devices."

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