Tuesday, February 23, 2010
Walmart Wants Some Vudu to Compete with Hulu
Posted by Hooch Tan in "Digital Home News" @ 09:30 AM
"Terms of the acquisition were not disclosed, but a person briefed on the deal said the price for the company, which raised $60 million in capital, was over $100 million. Other companies, including Best Buy, Amazon.com, Comcast and the satellite company EchoStar, had also expressed interest in acquiring Vudu, according to this person, who asked for anonymity because the terms of the deal were private."
Ah Blu-ray, I hardly knew you. The battle for the next generation video delivery service is well underway, and as everyone expected, it is online. Soon, you will be able to watch any movie you want, new or old, right from the comfort of your living room without having to go to a store, Redbox, or even your mailbox. Well, for some of you, that reality is already here, and Wal-Mart's entry is only going to provide you with more options. There are some of us, living in third world countries like Canada, are presented with expensive and limited options provided to us by our telvision carriers. Hooray for regional copyright regulations! The $100 million (!!!!!) deal just further cements the idea that physical media will be relegated to smaller markets.