walmart is reportedly looking at deals with streaming services

Walmart’s membership program Walmart+ may bundle with a streaming service. The report comes from the New York Times and sparks conversation about the strange idea of the retail giant entering the streaming world. Sources told the outlet that Walmart was in talks with major media companies such as Paramount (Paramount+), Disney (Disney+, ESPN+, Hulu), and Comcast (Peacock).

Given the competition with Amazon and its Prime membership program, Walmart exploring a streaming deal could give Walmart+ an opportunity to be a content curation platform and attempt its own Amazon Prime-like service. The company declined to comment to TechCrunch.

While it remains unconfirmed that Paramount+, Disney+, or Peacock could strike an agreement with the big box megastore, it would be an interesting development in the streaming landscape. The idea isn’t far-fetched either, as a Walmart+ membership, which is $12.95 per month, provides members a free six-month subscription to Spotify Premium, on top of free shipping on orders and discounts on fuel.

Wireless providers such as Verizon and T-Mobile have also struck deals with streaming services, offering similar bundles to customers. Verizon offers The Disney Bundle (Disney+, ESPN+, Hulu) to users with select Verizon Unlimited plans. T-Mobile gives customers access to Netflix and a year of Apple TV+ and Paramount+. AT&T recently re-extended its agreement with Warner Bros. Discovery, giving customers the ability to watch HBO Max with their plans.

This also wouldn’t be Walmart’s first time trying to get into the streaming market. The company bought on-demand video service Vudu in 2010 but it could not compete with its rivals and sold Vudu to Comcast-owned Fandango in 2020. Walmart has also invested in Eko, an interactive video company.

Roku partnered with Walmart in June, a deal that brought shoppable ads to the streaming platform and united Roku’s 61.3 million subscribers with a retailer that reported a total revenue of $141.6 billion in Q1 2022.

TECH NEWS RELATED

The biggest moonshots from 500 Global’s latest Demo Day

It’s demo day season. This morning marked the kickoff of VC firm 500 Global’s Fall 2022 Demo Day, which saw over a dozen startups give their best pitches to prospective investors — and customers. Participants ran the gamut from fintech and sustainability to edtech and developer tools, and several stood ...

View more: The biggest moonshots from 500 Global’s latest Demo Day

Meta’s Make-A-Video AI achieves a new, nightmarish state of the art

Meta’s researchers have made a significant leap in the AI art generation field with Make-A-Video, the creatively named new technique for — you guessed it — making a video out of nothing but a text prompt. The results are impressive and varied, and all, with no exceptions, slightly creepy. We’ve ...

View more: Meta’s Make-A-Video AI achieves a new, nightmarish state of the art

Mark Zuckerberg tells Meta the company will freeze hiring and cut costs

After a decade of explosive growth, the company formerly known as Facebook is planning to trim down. Bloomberg reports that Meta CEO Mark Zuckerberg announced plans to freeze hiring and restructure some groups within the company Thursday in an internal all-hands call. According to Bloomberg, Meta plans to shrink ...

View more: Mark Zuckerberg tells Meta the company will freeze hiring and cut costs

Twitter is adding a new TikTok-like full-screen video feature

Twitter is adding new features to make it easier for users to watch and discover videos on its platform, the social network announced on Thursday. Most notably, the company is launching a scrollable TikTok-like scrollable video feed. In the coming days, users on iOS will be able to click on ...

View more: Twitter is adding a new TikTok-like full-screen video feature

8 investors weigh in on the state of insurtech in Q3 2022

Insurtech companies have been among the biggest victims of the public market selloff, especially those that went public in 2021. Notably, Metromile saw its valuation decline over 85% and was subsequently acquired by peer Lemonade, and it hasn’t been alone in losing a lot of value and being eyed ...

View more: 8 investors weigh in on the state of insurtech in Q3 2022

Despite its many troubles, the insurtech market is ‘far from dead,’ investors say

When insurtech company Metromile went public via a special purpose acquisition company (SPAC) in February last year, it was valued at over $1 billion. A year and five months later, Lemonade acquired the company for less than $145 million. As the markets turned early this year, insurtech left most ...

View more: Despite its many troubles, the insurtech market is ‘far from dead,’ investors say

It’s a sprint, not a marathon

Here’s a question for you: How seriously should we take Amazon’s home robotics play? Perhaps a better way of framing it is: When do we take Amazon’s home robotics play seriously? I realize these sound like pointed questions, and I should specify that they’re not really specific to Amazon. They’re ...

View more: It’s a sprint, not a marathon

TikTok breaks records as top grossing app in Q3, as overall app store revenue declines

Consumers reduced their mobile app spending in the third quarter of 2022 by roughly 5%, but the social video app TikTok just delivered another record-breaking quarter on this front. For the fourth straight quarter in a row, TikTok continued its streak as the app that has ever generated the most ...

View more: TikTok breaks records as top grossing app in Q3, as overall app store revenue declines

Tokenization is key to linking TradFi to the blockchain

VCs at Index Ventures, Serena Ventures, NEA and Volition Capital join Startup Battlefield judges

New York follows California mandating zero-emissions vehicles by 2035

Now with VC backing, Ride1Up is producing affordable mid-drive ebikes, like the Prodigy

Pitch Deck Teardown: Rokoko’s $3M strategic extension deck

Finally. Lordstown Motors, Foxconn begin Endurance EV production

Google pulls the plug on Stadia

Tesla’s mythical Cybertruck will also be a temporary boat because why not

Reflect brings data visualization to HR teams

All Facebook and Instagram users in the US can now share NFTs, cross-post between both apps

The upcoming TripActions IPO has us hype

Dating app Inner Circle adds a suite of anti-ghosting features

OTHER TECH NEWS

Top Car News Car News