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BUSINESS
Wal-Mart to buy digital movie provider Vudu
LOS ANGELES -- Wal-Mart Stores Inc. said Monday it will buy broadband entertainment provider Vudu, a deal that gives the world's biggest retailer the ability to sell movies directly through TVs and Blu-ray players over the Internet.
The deal could give Wal-Mart a way to compete with electronics rival Best Buy Co., which partnered with Sonic Solutions in November to offer Roxio CinemaNow movie-downloading software on all Web-connected devices sold in Best Buy's U.S. stores.
Wal-Mart did not disclose the terms of its deal or define its ambitions for the service.
Vudu Inc. delivers movies to consumers for a price per transaction -- either $3.99 to rent or $19.99 to buy -- and requires broadband Internet access and an Internet-ready TV or Blu-ray player.
