With their presence in more than 100 countries, streaming services like Netflix and Prime Video have already taken the world by a storm. Although there are competitors, their limited geographical reach kicks them out of the competition in the first place.
Surely, some company with tons of money can rival streaming service against Netflix. Apparently, it’s the American retail giant Walmart which is reportedly working on its own video streaming service.
According to claiming sources of The Information, it could be priced less than $8 per month and offer a free plan with ads as well. That would be cheaper than Netflix with its $8 per mo. lowest plan and Prime Video at $8.99 per mo.
Talking about Netflix, the company is spending billions trying to flood its platform with original movies, and TV shows that pop-up almost every day. However, its also struggling to keep up with the expected growth in the number of subscriber count.
If Walmart’s streaming service ever becomes a reality, it would be Walmart’s second attempt. In 2010, the company purchased Vudu but failed to win people’s hearts.
It would represent a new wave of streaming services joined by Facebook and Apple which are reportedly investing in original content.
For Walmart, the task is to offer something that’s compelling enough to pull loyal users away from these popular streaming services. It’s no doubt the company will have to turn a blind eye to the money going out of their bank accounts.
Via The Next Web