WalMart to buy digital movie provider Vudu

NEW YORK - Wal-Mart Stores Inc. pronounced Monday it will buy broadband party provider Vudu, a understanding that gives the worlds greatest tradesman the capacity to sell movies without delay by TVs and Blu-ray players over the Internet.

With the acquisition, Wal-Mart earnings to the video-on-demand business, that it attempted in the past but failed. Its majority new attempt, charity movie downloads, finished in 2007 after less than a year.

Wal-Mart did not divulge the conditions of the newest deal.

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Vudu Inc.s record can broach video to consumers who have broadband Internet entrance and own an Internet-ready TV or Blu-ray player.

Since August, Vudu has offering the serviceLG and Mitsubishi-made devices.

In January, Vudu voiced it had stretched the partnership deals to Sanyo, Sharp, Toshiba and Vizio. And it pronounced it programmed to launch an focus height that would embody apps from Facebook, Flickr, Twitter, The New York Times and

Vudu has chartering agreements with vital movie studios and distributors for about 16,000 movies. Its movies cost $3.99 to rent or $19.99 to purchase.

Eduardo Castro-Wright, clamp authority of Wal-Mart, pronounced in a matter that the merger will "provide business with rare entrance to home party options as they quit to a digital environment."

The association did not reply to serve inquiries from The Associated Press Monday.

Wal-Mart already sells inclination that have Vudu capability.

Vudu, formed in Santa Clara, Calif., was founded in 2004 and saved by try collateral firms Greylock Partners and Benchmark Capital.

It proposed out offered set-top boxes for as most as $295 but began phasing them out 6 months ago in preference of operative without delay with makers of TVs and alternative devices.

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