Managed Hosting News 
Wednesday, 27th July 2011, 16:47:18
Walmart launches video streaming initiative
Businesses looking to keep their employees up-to-date by using video streaming services could be interested in a recent announcement from Walmart.
According to the Los Angeles Times, the retailer has added 20,000 film titles to its online catalogue in a bid to compete with rival company Netflix.
The company, which has been the leading DVD retailer in the US for a number of years, hinted its dedication to the popular service last year, by acquiring Sillicon Valley start-up Vudu for $100 million (£60.92 million).
Steve Nave, general manager of Walmart.com, said: "We know customers are starting to shift their behavior, in terms of how they consume their media.
"As customers make that change, we don't want to lose that customer as they shift to digital."
Earlier this month, the retail giant announced plans to open up to 200 new stores serving the Department of Agriculture's designated "food desert" areas by 2016.
Posted by Henry Thomas
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Categories: | CDN / Networks / Streaming |
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