Retailer giant Walmart Inc (WMT) and Comcast Corp are reportedly joining hands to build and sell smart TVs.
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It’s been reported that the bricks-and-mortar store would advertise and sell TV sets with Comcast software and will grab a chunk of revenue from Comcast.
Reports said that Comcast, which is set to rival Netflix and Apple Inc’s Apple TV+ streaming space, would be able to foster its upcoming streaming service, dubbed as Peacock, in the smart TVs.
Without disclosing details on talks, Walmart’s Ryan Peterson said in a statement that the retailer is constantly in talks with current and new suppliers about innovation and upcoming merchandise.
Walmart Inc (WMT) previously revealed that its VOD service, Vudu, would be acquired by Comcast’s movie ticketing service Fandango Media. Comcast declined to comment.
On Tuesday, November 3, 2020, Walmart stock opened trading at 141.66 it went up to 144.16 and dropped to 141.57 during the day before closing at 142.78. During the covid-19 crisis, Walmart managed to showcase decent results thanks to its online sales.
In the meantime, reports said that Walmart Inc (WMT) stores have ended its alliance with robots-maker Bossa Nova Robotics.
These robots were used to scan stock on warehouses shelves to make sure stock availability while keeping the price accuracy. These smart machines were built to help the company compete with giants like Amazon and Alibaba.
