Retail behemoth Walmart is thinking about launching a low-cost streaming service in the same vein as Netflix and Amazon Prime Video, sources tell The Information. While the venture would be expensive, it could potentially aid Walmart in its ongoing battle against Amazon, which has taken a bite out of the profits of many brick-and-mortar retailers.
The retailer apparently sees the opportunity to undercut the pricing of existing streaming services, as well as reach segments of the population not already utilizing streaming video, particularly in middle-America.
Read MoreWalmart reportedly considering streaming service to compete with Netflix, Amazon Prime Video was written by the awesome team at Android Police.
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