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Wal-Mart's Vudu Launches Mobile Disc-to-Digital Service
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Wal-Mart Stores Inc.’s (WMT - Free Report) video on demand unit, Vudu has rolled out its first mobile offering which will convert DVDs and Blu-rays into digital collection. Customers can now use the Vudu app using their iPhones and Android devices, scan and convert a DVD to SD or a Blu-ray disc to HDX for $2. It will cost $5 per title to upgrade DVDs to HDX. Also, all Vudu users will receive one free mobile conversion for the first time.
These movies can then be viewed on any of the Vudu-enabled devices including televisions, Blu-ray disc players, gaming consoles, streaming players and through the Vudu app on phones and tablets. The Mobile Disc-to-Digital service is currently available for nearly 8,000 movies from Lionsgate, Paramount Home Media Distribution, Sony Pictures Home Entertainment, Twentieth Century Fox Home Entertainment, Universal Pictures Home Entertainment and Warner Bros. Home Entertainment.
Founded in 2004 and acquired by Wal-Mart in 2010, Vudu is one of the fastest-growing video on-demand services. The Mobile Disc-to-Digital service is in line with Vudu’s broader effort to make digital entertainment access simple and convenient and to meet the rising demand for digital offerings. Vudu is already witnessing increased demand for its in-home Disc-to-Digital service and InstaWatch, which automatically sends customers a digital copy of DVDs or Blu-ray discs purchased at Walmart stores and on Walmart.com.
Wal-Mart Stores, Inc. Price, Consensus and EPS Surprise
We note that the Bentonville, AR-based Wal-Mart is trying every means to compete with brick-and-mortar rivals and e-commerce king Amazon.com Inc. (AMZN - Free Report) . In this regard, the company continues to make huge investments in e-commerce initiatives, including acquisitions. The acquisition of Jet.com, U.S. e-commerce company, in Sep 2016 marked a major step toward accelerating its online business. The acquisition has offered customers a massive online marketplace where they can purchase items at discounted prices.
On Mar 20, this Zacks Rank #3 (Hold) company acquired trendy online clothing seller, ModCloth. This is the latest of the three small acquisitions in 2017. Prior to ModCloth, Wal-Mart bought Moosejaw, an outdoor apparel and gear retailer for $51 million and e-commerce shoe retailer ShoeBuy for $70 million in 2017. This move was aimed at raising the company’s stake in the online business. Further, the company is planning to create a new technology-startup incubator, called Store No. 8, in California’s Silicon Valley in order to help the company’s acquired e-commerce businesses to grow and flourish and enhance online shopping experience.
Meanwhile, the company is increasing investment in Walmex which hints at its efforts to hold substantial market share in Mexico where Amazon is expanding. Wal-Mart is also aggressively foraying into e-commerce in China with an aim to deliver goods from its stores around the world to consumers within hours. In Jun 2016, Wal-Mart inked a deal with JD.com to sell its Chinese e-commerce business, Yihaodian in exchange for a 5.9% equity stake in the company. In Feb 2017, Wal-Mart increased its stake in Chinese e-commerce website, JD.com Inc., to 12.1%, worth roughly $4.87 billion. This is up from the 10.8% stake it had in Oct 2016, and its 5.9% stake in June. The move was in line with the company’s aim to grab greater market share in the world’s largest online market and expand its reach in China, where it has been struggling of late.
Wal-Mart has also launched its own mobile payment system called Walmart Pay in all of its 4,500-plus U.S. stores in Jul 2016. This system enables shoppers to pay through its existing smartphone app. This marks another step toward accelerating the company’s online business and making shopping easier and faster. Wal-Mart already has a delivery service called Walmart Pickup which enables customers to place orders online and then pick them up at a store for free.
Share Price Movement
We note that in the past one year, Wal-Mart’sstock gained 3.4%, in comparison to the Zacks categorized Retail-Supermarkets industry’s dip of 0.8%. Further, the company delivered positive earnings surprises in the past six consecutive quarters.
Key Picks
Better-ranked stocks in the retail sector include The Children's Place, Inc. (PLCE - Free Report) and Kate Spade & Company .
While Children’s Place has an expected long-term earnings growth of 10.3%, Kate Spade has an expected earnings growth of 28.3% for the next three to five years.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere
1 billion iPhones in 10 years but a new breakthrough is expected to generate more
than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging
phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may
Image: Bigstock
Wal-Mart's Vudu Launches Mobile Disc-to-Digital Service
Wal-Mart Stores Inc.’s (WMT - Free Report) video on demand unit, Vudu has rolled out its first mobile offering which will convert DVDs and Blu-rays into digital collection. Customers can now use the Vudu app using their iPhones and Android devices, scan and convert a DVD to SD or a Blu-ray disc to HDX for $2. It will cost $5 per title to upgrade DVDs to HDX. Also, all Vudu users will receive one free mobile conversion for the first time.
These movies can then be viewed on any of the Vudu-enabled devices including televisions, Blu-ray disc players, gaming consoles, streaming players and through the Vudu app on phones and tablets. The Mobile Disc-to-Digital service is currently available for nearly 8,000 movies from Lionsgate, Paramount Home Media Distribution, Sony Pictures Home Entertainment, Twentieth Century Fox Home Entertainment, Universal Pictures Home Entertainment and Warner Bros. Home Entertainment.
Founded in 2004 and acquired by Wal-Mart in 2010, Vudu is one of the fastest-growing video on-demand services. The Mobile Disc-to-Digital service is in line with Vudu’s broader effort to make digital entertainment access simple and convenient and to meet the rising demand for digital offerings. Vudu is already witnessing increased demand for its in-home Disc-to-Digital service and InstaWatch, which automatically sends customers a digital copy of DVDs or Blu-ray discs purchased at Walmart stores and on Walmart.com.
Wal-Mart Stores, Inc. Price, Consensus and EPS Surprise
Wal-Mart Stores, Inc. Price, Consensus and EPS Surprise | Wal-Mart Stores, Inc. Quote
We note that the Bentonville, AR-based Wal-Mart is trying every means to compete with brick-and-mortar rivals and e-commerce king Amazon.com Inc. (AMZN - Free Report) . In this regard, the company continues to make huge investments in e-commerce initiatives, including acquisitions. The acquisition of Jet.com, U.S. e-commerce company, in Sep 2016 marked a major step toward accelerating its online business. The acquisition has offered customers a massive online marketplace where they can purchase items at discounted prices.
On Mar 20, this Zacks Rank #3 (Hold) company acquired trendy online clothing seller, ModCloth. This is the latest of the three small acquisitions in 2017. Prior to ModCloth, Wal-Mart bought Moosejaw, an outdoor apparel and gear retailer for $51 million and e-commerce shoe retailer ShoeBuy for $70 million in 2017. This move was aimed at raising the company’s stake in the online business. Further, the company is planning to create a new technology-startup incubator, called Store No. 8, in California’s Silicon Valley in order to help the company’s acquired e-commerce businesses to grow and flourish and enhance online shopping experience.
Meanwhile, the company is increasing investment in Walmex which hints at its efforts to hold substantial market share in Mexico where Amazon is expanding. Wal-Mart is also aggressively foraying into e-commerce in China with an aim to deliver goods from its stores around the world to consumers within hours. In Jun 2016, Wal-Mart inked a deal with JD.com to sell its Chinese e-commerce business, Yihaodian in exchange for a 5.9% equity stake in the company. In Feb 2017, Wal-Mart increased its stake in Chinese e-commerce website, JD.com Inc., to 12.1%, worth roughly $4.87 billion. This is up from the 10.8% stake it had in Oct 2016, and its 5.9% stake in June. The move was in line with the company’s aim to grab greater market share in the world’s largest online market and expand its reach in China, where it has been struggling of late.
Wal-Mart has also launched its own mobile payment system called Walmart Pay in all of its 4,500-plus U.S. stores in Jul 2016. This system enables shoppers to pay through its existing smartphone app. This marks another step toward accelerating the company’s online business and making shopping easier and faster. Wal-Mart already has a delivery service called Walmart Pickup which enables customers to place orders online and then pick them up at a store for free.
Share Price Movement
We note that in the past one year, Wal-Mart’sstock gained 3.4%, in comparison to the Zacks categorized Retail-Supermarkets industry’s dip of 0.8%. Further, the company delivered positive earnings surprises in the past six consecutive quarters.
Key Picks
Better-ranked stocks in the retail sector include The Children's Place, Inc. (PLCE - Free Report) and Kate Spade & Company .
Both Children’s Place and Kate Spade sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
While Children’s Place has an expected long-term earnings growth of 10.3%, Kate Spade has an expected earnings growth of 28.3% for the next three to five years.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere
1 billion iPhones in 10 years but a new breakthrough is expected to generate more
than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging
phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may
kick yourself in 2020. Click here for the 6 trades >>