Walmart is Reportedly Working on a Netflix Like Streaming Service

Adjust Comment Print

According to a report published on Tuesday, ubiquitous discount retailer Walmart has its sights set on Netflix and Amazon as it mulls over a plan to create a competing video streaming service. "Netflix and Amazon are seen as more popular with people on the East and West Coasts of the USA", stated one of the anonymous sources.

The data discovered that over 39% of United Kingdom households (11.1m) havet at least one on-demand streaming service subscription. It certainly has the cash reserves, having generated $17 billion in cash a year ago.

Sharon White, Ofcom's chief executive, said: "Today's research finds that what we watch and how we watch it are changing rapidly, which has profound implications for United Kingdom television".

"We have seen a decline in revenues for pay TV, a fall in spending on new programs by our public service broadcasters, and the growth of global video streaming giants", she said. Total retail music sales grew by 6% in real terms between 2016 and 2017 driven by a 38% increase in online streaming service subscriptions to £577m.

Jaguar escapes habitat, kills six animals in Audubon Zoo
Unfortunately, the damage had already been done in that short period of time that the jaguar was on the loose. A jaguar escaped an enclosure at a New Orleans zoo Saturday and killed six animals before he was recaptured.

Elon Musk calls Thai cave rescuer a 'pedo' for mocking submarine
Depending on who you ask, Musk was either just a huge attention seeker or a billionaire rocket inventor just trying to do his bit.

Prime Day offers great deals, discounts on Kindle, Echo Dot
Set to run for a duration of 36 hours, the Amazon Prime Day sale starts at 12 noon and will go on till midnight of July 17. The sale brings various discounts, deals and offers on various products, including phones, smart speakers and more.

Total daily viewing time across all devices stands at 5 hours one minute, of which two-thirds (three hours 33 minutes or 71%) was broadcast content, and 1 hour 28 minutes was non-broadcast content.

Among children and viewers aged 16-34, the decline was steeper, leading to the over-65s watching four times as much broadcast television as children in 2017. These challenges can not be underestimated. Free services like Tubi and Roku Channel have libraries of nonexclusive movies and TV shows, while Sony's Crackle combined shows from Sony's library with exclusive original programming and non-exclusive acquired shows. Of 3,729 Brits polled by Ofcom, 46% said they never use such services.

Emarketer also estimated which countries had the highest levels of user penetration for Netflix, which it tracked as the number of individuals of any age who watched Netflix via app or website at least once per month.

Comments