Walmart is selling off its video streaming platform, Vudu, to Fandango, for an unknown sum of money, in the coming months…
Streaming is indeed one of the most popular ways to view movies and television shows. With a number of choice out there, it’s sometimes difficult to know which ones are worth the subscription cost. Now, there’s one fewer, as Fandango has agreed to buy Vudu, a streaming service currently owned by Walmart.
Fandango Purchasing Walmart’s Vudu Video Service for Undisclosed Amount
Fandango already has its own streaming platform, known as FandangoNow, but it won’t shut down Vudu (at least outright) and roll it into its proprietary service. Instead, the existing Vudu app will remain available and current customers will retain access to the titles they’ve already purchased.
Vudu will continue to act as the mainstay of Walmart’s digital movie and television store as part of the deal. Rumors emerged months ago about Walmart’s desire to sell the asset, with NBCUniversal as the potential buyer in February. Now, Walmart expects Fandango to complete the deal within the next few months.
The team over at Vudu posted the following announcement on the official blog:
“Hi Vudu customers,
We have some exciting news to share with you!
Vudu has entered into an agreement to be acquired by Fandango, the ultimate digital network for all things movies & TV.
While there will be many more exciting things to share in the months ahead, nothing about the Vudu experience is changing – your movie & TV library is safe, and you will continue to have access to all your Vudu apps across your favorite devices.
Vudu will continue to deliver an amazing experience, and we promise that the future will bring more new features, offerings, and other benefits as we join the Fandango family.”