Wal-Mart To Purchase Vudu Online Video Service

Wal-Mart plans to purchase the internet movie service called VuDu. Financial terms of the deal remain confidential.

Vudu created software that integrates into TVs and Blu-ray players. Vudu allows users to rent or buy high-definition movies and television programs over the Internet for immediate viewing. The service is very convenient because it eliminates the need to connect your TV to a computer for browsing and purchasing films.

This is not the first time that Wal-Mart has sold movies online. The company sold video downloads for approximately a year until they decided to discontinue the service at the end of 2007.

Wal-Mart expects to seal the deal within the next few weeks.