Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  Walmart Inc.    WMT

WALMART INC.

(WMT)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

NBCUniversal in Talks To Acquire Streaming Service Vudu from Walmart

share with twitter share with LinkedIn share with facebook
share via e-mail
02/21/2020 | 04:44pm EDT

By Lillian Rizzo and Patience Haggin

Comcast Corp.'s NBCUniversal is in advanced talks to acquire streaming-video service Vudu from retail giant Walmart Inc., according to people familiar with the matter.

Vudu, which Walmart bought in 2010 for more than $100 million, allows consumers to buy or rent movies or shows. In 2016 Vudu launched a free, ad-supported service that includes thousands of movies and TV shows.

The financial terms the companies are discussing couldn't be learned. The discussions may not result in a deal, the people said.

A Walmart spokesman said the company is constantly having strategic discussions, but declined to comment further. An NBCUniversal spokesman declined to comment.

The acquisition talks come a few months before NBCUniversal launches a new streaming service, Peacock, which will include an ad-supported version for $4.99 a month and an ad-free tier for $9.99. The service will debut in April to Comcast and Cox Communications Inc. customers and to all consumers in July.

Vudu's ad-supported service would serve as a complement to Peacock, the people familiar with the matter said. Vudu's online movie-rental service would support NBCUniversal's movie-ticketing and rental business, Fandango Media LLC, which is said to have more than 30 million online and mobile monthly visitors.

Vudu's movie-rental business is said to be about seven times the size of Fandango's by revenue, according to a person close to the situation.

Walmart says Vudu is installed on more than 100 million devices across the U.S.

In 2018 Walmart considered expanding its video-streaming ambitions by launching a subscription-supported service separate from Vudu, to compete with offerings from Netflix Inc. and Amazon.com Inc., but the company chose not to enter such a crowded, competitive market, said a person familiar with the matter.

Media giants have been looking to acquire ad-supported streaming platforms to complement the subscription streaming services they are launching. Fox Corp. has expressed interest in buying the online video service Tubi, The Wall Street Journal reported Friday. Fox and Journal parent News Corp share common ownership.

Last year Viacom Inc., which is now part of ViacomCBS Inc., acquired Pluto TV, a free, ad-supported service, for $340 million.

NBCUniversal's parent, Comcast, is separately in exclusive discussions to acquire Xumo LLC, a free, ad-supported video-streaming service, the Journal previously reported.

Xumo would be aligned more with Comcast's Xfinity cable platform, known as X1, as well as the company's streaming device, Flex, said another person familiar with the matter. The X1 cable box serves as a one-stop shop for Comcast pay-TV subscribers, since it includes both cable programming and access to numerous streaming applications such as Netflix.

Flex is targeted at cord-cutters that remain broadband subscribers. Last year, Comcast began offering Flex to its broadband-only subscribers at no cost.

Write to Lillian Rizzo at Lillian.Rizzo@wsj.com and Patience Haggin at patience.haggin@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
COMCAST CORPORATION 0.29% 37.755 Delayed Quote.-16.21%
FOX CORPORATION 2.47% 26.97 Delayed Quote.-29.05%
NETFLIX, INC. -0.62% 368.17 Delayed Quote.14.70%
NEWS CORPORATION 5.81% 9.46 Delayed Quote.-36.70%
VIACOM INC. 3.20% 24.22 Delayed Quote.0.00%
WALMART INC. -0.67% 120.86 Delayed Quote.2.52%
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on WALMART INC.
04/07WALMART : Thinking about trading options or stock in Mastercard, NVIDIA, Starbuc..
PR
04/05WALMART : Grocery workers are key during the virus. And they're afraid
AQ
04/04WALMART : Stockpiling Boosts Sales for Walmart
DJ
04/03WALMART : Changes Shopping Process, to Limit Customers in Stores at One Time
DJ
04/03WALMART : Changes Shopping Process to Encourage Social Distancing
BU
04/03MACY'S, JOHNSON & JOHNSON, 3M : Stocks That Defined the Week
DJ
04/03WALMART : U.S. Store Sales Jumped 20% in Past Month
DJ
04/03WALMART : Announces 2020 Annual Shareholders' Meeting Date
BU
04/03TODAY'S LOGISTICS REPORT : Suppliers Seeking Direction; Shifting Assembly Lines;..
DJ
04/01WALMART : Thinking about trading options or stock in Johnson & Johnson, 3M, Proc..
PR
More news
Financials (USD)
Sales 2021 538 B
EBIT 2021 22 460 M
Net income 2021 14 294 M
Debt 2021 51 187 M
Yield 2021 1,78%
P/E ratio 2021 23,8x
P/E ratio 2022 22,3x
EV / Sales2021 0,74x
EV / Sales2022 0,71x
Capitalization 345 B
Chart WALMART INC.
Duration : Period :
Walmart Inc. Technical Analysis Chart | WMT | US9311421039 | MarketScreener
Technical analysis trends WALMART INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 37
Average target price 128,12  $
Last Close Price 121,84  $
Spread / Highest target 14,9%
Spread / Average Target 5,15%
Spread / Lowest Target -19,6%
EPS Revisions
Managers
NameTitle
C. Douglas McMillon President, Chief Executive Officer & Director
Gregory B. Penner Non-Executive Chairman
Dacona Smith Chief Operating Officer & Senior VP-Sam's Club
Brett M. Biggs Chief Financial Officer & Executive Vice President
Clay Johnson Enterprise Chief Information Officer & EVP
Sector and Competitors
1st jan.Capitalization (M$)
WALMART INC.2.52%345 085
ALIMENTATION COUCHE-TARD INC.-10.85%28 960
SEVEN & I HOLDINGS CO., LTD.0.31%28 782
SM INVESTMENTS CORPORATION0.34%20 717
AVENUE SUPERMARTS LIMITED4.48%19 608
YONGHUI SUPERSTORES CO., LTD.1.47%13 750