Comcast’s acquisition of Vudu marks the third recent takeover of a streaming business by a media giant. Viacom, now part of ViacomCBS, purchased the Pluto TV service for $340 million last year, and Fox Corp. agreed to buy the Tubi platform for $440 million last month.
“Vudu will continue to deliver an amazing experience, and we promise that the future will bring more new features, offerings, and other benefits as we join the Fandango family,” Vudu said in the statement.
Doubling down
With Fandango bringing on Vudu, Comcast is doubling down on streaming this month. The owner of NBCUniversal just launched a service called Peacock to some of its pay-TV customers, with the rest of the country getting access in the coming months.
Vudu began as a hardware company before becoming a digital storage locker for people who bought films electronically or on DVD. The company also offers movie rentals and the ability to stream films with ads, even promoting some as not available on Netflix.
Fandango is most prominently an online seller of tickets for movie theaters, but the company has been broadening its offerings in recent years. It acquired M-Go, an online movie rental and purchase service that it rebranded as Fandango Now, and Rotten Tomatoes, which aggregates movie reviews from critics and the general public.
Fandango Now’s rental and purchase service focuses on movies that have just finished their run in theaters.
Vudu said the two services will be available separately for now, with customers still able to access their Vudu libraries through Walmart.com and devices such as Roku. “In the months ahead, we will explore ways to bring great online entertainment experiences to our valued customers,” the streaming service said.
—Bloomberg News
