Walmart reaches streaming deal with Paramount+ – source
2022.08.15 22:34
FILE PHOTO: Walmart’s logo is seen outside one of its stores in Chicago, Illinois, U.S., November 20, 2018. REUTERS/Kamil Krzaczynski
(Reuters) -Walmart Inc has agreed to a deal with Paramount Global to offer Paramount+ streaming service to the subscribers of the retailer’s membership program, a source familiar with the matter said.
Paramount did not immediately respond to a Reuters request for comment.
Walmart+ membership costs $12.95 per month or $98 per year and includes free shipping on orders and discounts on fuel as well as a free six-month subscription to Spotify (NYSE:SPOT)’s premium music service.
Executives from Paramount, Walt Disney (NYSE:DIS) Co and Comcast Corp (NASDAQ:CMCSA), which operate several major streaming services, have in recent weeks spoken with Walmart (NYSE:WMT) about including streaming entertainment in its membership service, the New York Times had reported last week.
The Wall Street Journal first reported the deal. https://on.wsj.com/3pl4rHR
