Walmart is allegedly looking to sell its video-streaming service Vudu right as the streaming wars are starting to heat up.
NBCUniversal is reportedly in advanced talks to acquire Vudu from Walmart, which could give the company another valuable asset as it prepares to launch the Peacock streaming network in a couple of months.
Apple TV+ is about to get even more competition in the form of a new streaming service currently in development by ViacomCBS.
Now that the Viacom and CBS merger was approved at the end of 2019, a new report claims company execs are plotting a way to combine the current CBS All Access service with Viacom’s assets, among which are Paramount’s trove of over 3,600 movies.
Netflix warned investors that the upcoming launch of Apple TV+ and Disney+ could generate “modest headwinds” when it comes to new subscriber growth. Despite the warning, Netflix shares surged in after-hours trading today after it reported better-than-expected earnings.
In a letter to shareholders, Netflix didn’t sound too worried about the upcoming streaming wars. The company pointed out that it’s already been competing against streamers and regular TV for over a decade now.
Netflix CEO Reed Hastings almost sounds excited about the increased competition his company is about to face from the biggest tech companies in the world.
After basically creating the entire TV streaming market, Netflix is about to go up against new services from Apple and Disney. In an interview with Variety, Hastings admitted it’s going to be a whole new ball game in just a few months, but Netflix doesn’t plan to change much.