The deal comes less than a week after the heavily ad-funded streaming service Peacock was launched by NBCUniversal for Comcast cable and internet customers. Fandango, based in Los Angeles, has signed an agreement to buy Vudu, Walmart`s video-on-demand service, as confirmed Monday by a spokeswoman. As part of the agreement, Vudu Walmarts will continue to Walmart`s digital film and television store. Walmart, which acquired Vudu in 2010 for more than $100 million, said Monday that it had signed the deal to sell the service to Fandango. Terms of the agreement, which will be concluded in the coming months, have not been disclosed. details of how Fandango will use Vudu was not immediately disclosed, but the company now operates its four-year-old fandangoNOW film streaming platform, which is an obvious integration point. The service became a more important activity in the wake of the COVID 19 pandemic, which closed movie theaters and significantly affected the operation of Fandango`s digital ticketing. Rumors that Walmart Vudu was going shopping have been reported for many months. In February, Walmart reportedly held discussions with Comcast, which could have used the platform for its new streaming service Peacock. According to Walmart, the acquisition of Fandango is expected to be completed in the coming months. Movie ticket provider Fandango has agreed to purchase Walmart`s video streaming service, Vudu, for an unmentioned sum.

The video service now reaches more than 100 million home appliances in the United States, including smart TVs, Blu-ray players, game consoles and other over-the-top streaming devices, as well as Windows 10 and Mac computers, as well as iOS and Android mobile devices. That`s why Fandango has put more effort into its streaming business. Thus, the stream of the new “Trolls World Tour”, which had skipped its theatrical release because of COVID-19, was the most pre-ordered title in the history of the streaming service, the most rented digital title on opening day and the best-selling loan during the first three days of digital publication, according to Deadline. Update, 20.04.20 16:00 ET with comments from Fandango. On January 8, 2010, At the Consumer Electronics Show, Vudu announced its in-house hardware business to integrate its extensive Internet application platform[9] “Vudu Apps” (with Vudu and other video and internet streaming services) directly to Internet-connected TVs and Blu-ray players, with initial hardware partners such as LG, Magnavox, Mitsubishi, Samsung, Sanyo, Sharp, Tobashi and Vizio. [10] [11] Walmart, retail giant Bentonville, Ark., acquired Vudu in 2010, when the once-growing DVD business declined. After the smooth start of its peacock streaming service, NBCUniversal welcomes another streaming service into its family, but this one is intended to help movie ticket seller Fandango expand its digital reach.