Wal-Mart banks on Internet-ready TV market by acquiring VUDU - FierceTelecom
Internet-ready TV sets are arguably still in their nascent stage, but Wal-Mart's move to acquire Silicon Valley-based online video provider VUDU could take the service off the PC and into the consumer's living room. Although financial terms of the deal were not revealed, some reports estimate that Wal-Mart shelled out $100 million for VUDU.
The retailer's purchase of VUDU will likely facilitate greater integration of online video capabilities into HDTV sets and other devices it sells. At the same time, VUDU has resonated with some service providers that aren't interested in building out their own IPTV network, but would like to offer entertainment over their existing broadband network connections. Service providers looking to couple their broadband connections with online video could turn to VUDU, which has already done the heavy lifting of establishing agreements with various TV and Hollywood movie studios...
The retailer's purchase of VUDU will likely facilitate greater integration of online video capabilities into HDTV sets and other devices it sells. At the same time, VUDU has resonated with some service providers that aren't interested in building out their own IPTV network, but would like to offer entertainment over their existing broadband network connections. Service providers looking to couple their broadband connections with online video could turn to VUDU, which has already done the heavy lifting of establishing agreements with various TV and Hollywood movie studios...
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