Walmart Reportedly Considers Selling Vudu
Walmart is potentially considering the sale of its on-demand video service Vudu. The retailer has reportedly discovered that it would take a huge investment in Vudu to enable it to compete effectively with Netflix and Amazon Prime. It has also reportedly decided that the video service isn’t relevant enough to its core business to warrant such an investment. Walmart refused to comment on the possibility of Vudu’s sale, but acknowledged that it was exploring opportunities.
“We’re constantly having and open to conversations with new and existing partners to explore opportunities for continued growth; however, we never share details of those discussions.”