Fandango will buy Vudu, Walmart's movies-on-demand service [Los Angeles Times (CA)]
Comcast Corporation - Class A (CMCSA)
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Source: Los Angeles Times
Fandango isn’t selling movie tickets right now, due to the coronavirus crisis that has closed the nation’s cinemas. But the NBCUniversal-owned company is in a buying mood as it looks to sell users more movies online. Los Angeles-based Fandango has signed an agreement to acquire Vudu, the video-on-demand service owned by Walmart, a spokeswoman confirmed Monday. Financial details were not disclosed. The company declined to comment further. Fandango, run by President Paul Yanover, plans to use Vudu to increase its presence in the digital video space. The company already has a service called FandangoNow, which lets users buy and rent films, similar to Apple’s iTunes and Google Play. Vudu announced the deal in a blog post addressed to users. “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
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