Who is vudu owned by

That service, which was created after the acquisition of digital storefront M-Go, provides Fandango with a crucial alternative to movie ticket sales during the coronavirus pandemic, which has forced theaters to shutter. In December, Fandango said that FandangoNow had 60 million monthly visitors for its catalog of more than , film and television titles. Existing Vudu customers will be able to continue to access the service using their Walmart logins. Sign up for THR news straight to your inbox every day.

April 20, am. Close the menu. Follow Us. Sign Up. Advertise About Us Give us feedback Leave us a tip. Rumors that Walmart was shopping Vudu have been reported for many months. In February, Walmart was said to be in discussions with Comcast, which could have leveraged the platform for its newly launched streaming service, Peacock.

Viacom also purchased free service pluto. Fandango, which is owned by Comcast, has purchased digital movie retailer and streaming service Vudu from Walmart for an undisclosed amount. A representative for Fandango told The Verge that more information will be announced in the coming months, after the deal is closed. Vudu is currently available on more than million living room devices, according to Walmart, and the mobile app has more than 14 million downloads.

Fandango also currently operates its own digital marketplace, FandangoNOW, that had 60 million monthly visitors and contained more than , movies and TV shows as of December Fandango wants to grow its streaming business in scale to reflect its current size as a ticket retailer — Vudu could be key to that goal. Vudu has a large, built-in audience and a dedicated network of home video enthusiasts.

The streamer is largely praised for using higher bit rates than other competitors and for its overall dedication to high streaming quality. Although Walmart has reportedly eyed selling off Vudu , which it acquired in , for a couple of months, now is the perfect time for Fandango to purchase. The current global pandemic has shifted how people watch movies and, more importantly, how studios see the use of digital retailers for some of their films.