Wal-Mart has just acquired Vudu, an online on-demand movie service, for $100-million. The company was failing due to the fact they were "unable to find many buyers willing to spend several hundred dollars on hardware on top of the money it cost to rent or purchase a movie via the Web." Continue reading for an Apple TV vs Vudu comparison video.
The deal marks Wal-Mart's second attempt to get into the digital video business. In 2007, it partnered with Hewlett-Packard to launch a Web store that sold downloads of movies and television shows.[via LAtimes]