Fandango is buying Vudu’s video service from Walmart

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Fandango isn’t exactly selling many movie tickets right now, as almost all theaters (save for some drive-ins) are closed to prevent the spread of COVID-19. Streaming, on the other hand, is booming, so adding Vudu to the portfolio might help Fandango’s bottom line in the long run. Comcast, which is the majority owner of Fandango, is in the midst of launching another streaming service: NBCUniversal’s Peacock.

Rumors have been floating around for several months that Walmart was seeking a buyer for Vudu. NBCUniversal emerged as a potential suitor back in February.

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