--Walmart Inc. (WMT) has dropped plans to launch a new video-streaming service, CNBC reported Thursday, citing people familiar with the matter.

--The retailer made the decision after unsuccessful talks with cable-TV veteran Mark Greenberg, the people said, according to the report.

--Walmart instead will focus on bolstering Vudu, the video service it acquired in 2010, the report said.

 

Full story at https://www.cnbc.com/2019/01/17/walmart-will-not-launch-a-new-video-streaming-service-choosing-to-focus-on-vudu.html

 

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

January 17, 2019 15:32 ET (20:32 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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