The Blog for Video 2.0
Friday, December 28, 2007
Wal-Mart closes Movie Download service
Wal-Mart Stores Inc (NYSE:WMT - News) quietly canceled its online video download service less than a year after the site went live, a company spokeswoman said on Thursday.
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Wal-Mart shut down the download site after Hewlett Packard Co (NYSE:HPQ - News) discontinued the technology that powered it, Walmart.com spokeswoman Amy Colella said in an e-mail. She added that it will not look for another technology partner.
HP spokesman Hector Marinez said the company decided to discontinue its video download-only merchant store services because the market for paid video downloads did not perform "as expected." He noted that the Internet video business remains uncertain and is changing rapidly.
The online video market has seen a number of closings as 2007 wraps up. 2008 may continue this trend of consolidation and closures.
Fans of indie films still have many online avenues including downloading iPod movies from sites such as HungryFilx.com.
ADVERTISEMENT
Wal-Mart shut down the download site after Hewlett Packard Co (NYSE:HPQ - News) discontinued the technology that powered it, Walmart.com spokeswoman Amy Colella said in an e-mail. She added that it will not look for another technology partner.
HP spokesman Hector Marinez said the company decided to discontinue its video download-only merchant store services because the market for paid video downloads did not perform "as expected." He noted that the Internet video business remains uncertain and is changing rapidly.
The online video market has seen a number of closings as 2007 wraps up. 2008 may continue this trend of consolidation and closures.
Fans of indie films still have many online avenues including downloading iPod movies from sites such as HungryFilx.com.
Labels: online video, video download, wal-mart
# posted by HungryFlix : 12:49 PM
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