News
April 20, 2020 |

TBI Vision

NBCUniversal’s Fandango acquires Walmart-owned streamer Vudu

US streamer Vudu – the AVOD and TVOD platform owned by retail giant Walmart – has been acquired by NBCUniversal’s cinema ticket purchasing service Fandango.

Vudu is currently accessible in over 100 million US homes with an app that has been downloaded more than 14 million times.

The service, which offers an AVOD component as well as allowing users to purchase and rent shows, had been in talks with NBCU for several months and yesterday Vudu confirmed that it had been acquired in a blog post. Terms of the deal have not been disclosed.

“While there will be many more exciting things to share in the months ahead, nothing about the Vudu experience is changing – your movie & TV library is safe, and you will continue to have access to all your Vudu apps across your favorite devices,” the post read.

“Vudu will continue to deliver an amazing experience, and we promise that the future will bring more new features, offerings, and other benefits as we join the Fandango family.”

While Vudu does have an AVOD aspect, this is not of interest to Fandango, which is looking to compete with the rental capabilities of iTunes and Amazon rather than streamers like Netflix and Tubi.

A spokesperson described the acquisition as “a combination of scale for our on-demand streaming service and the addition of Vudu talent.”

They added: “Vudu has a strong brand presence and customer base. So right now, we’re focusing on making sure that during this transition Vudu customers are taken care of and likewise on the FandangoNOW side. Both businesses will exist for the time being.”

The deal comes at a time when Hollywood studios are experimenting with renting out their latest big-budget releases in light of the Coronavirus pandemic, which has shut down cinemas worldwide.

NBCU itself made the move to bring films such as The Invisible Man and The Hunt – which had their cinema runs cut short – to TVOD platforms, while it circumvented cinema distribution altogether for kids film Trolls World Tour.

Disney, meanwhile, has announced that Artemis Fowl, a film initially scheduled for a late-May cinematic release, will be available on its Disney+ streamer from 12 June.

Come join the allrites marketplace! Unlock the value of content!

Get Started Now!

Recent News

TBI Weekly: Why Disney’s ‘Modern Family’ deal matters
TBI Weekly: Why Disney’s ‘Modern Family’ deal matters
The narrative around the US studios’ direct-to-consumer strategies ...
Read More...
Cineflix Media’s Julien Leroux launches UK-based Paper Entertainment
Cineflix Media’s Julien Leroux launches UK-based Paper Entertainment
Former Cineflix Media exec Julien Leroux has formally ...
Read More...
Italy’s Casta Diva hires former Banijay exec Massimo Righini for format venture
Italy’s Casta Diva hires former Banijay exec Massimo Righini for ...
Italian media firm Casta Diva Group has launched a ...
Read More...
News round-up: BBC adds ‘Bates Motel’ & Steve McQueen docs; Barcroft appointments; Gold’s latest original; Red Arrow bags Britney doc
News round-up: BBC adds ‘Bates Motel’ & Steve McQueen docs; Barcroft ...
BBC adds Bates Motel & Steve McQueen docs ...
Read More...
Kids roundup: Netflix takes ‘Oggy’ reboot;  Wildbrain to shop ‘Alva’s World’; KiKA and C5 order ‘Odo’
Kids roundup: Netflix takes ‘Oggy’ reboot;  Wildbrain to shop ‘Alva’s ...
Netflix takes ‘Oggy’ reboot Netflix has acquired ...
Read More...