RENEE MONTAGNE, Host: NPR's business news starts with Wal-Mart's instant video venture.</s>RENEE MONTAGNE, Host: If the future of video is streaming, Wal-Mart wants part of the action. Yesterday, the retail giant said it's buying an Internet video startup called Vudu. The move will allow customers to rent or buy movies online without needing a computer cable or satellite service. They just need Internet access and a TV or a Blu-ray player embedded Vudu's technology. Wal-Mart is moving into a crowded field that already has major players, including Netflix, Amazon and iTunes.
Wal-Mart announced on Monday that it plans to buy broadband entertainment provider Vudu. The deal would give the world's biggest retailer the ability to sell movies directly through TVs and Blu-ray players over the Internet.