Wednesday, September 13, 2006

Wal-Mart planning own video download service

Wal-Mart planning own video download service
Last Update: 5:12 PM ET Sep 12, 2006
DOW JONES NEWSWIRES



Wal-Mart Stores Inc. (WMT) is pursuing its own plans for a digital video downloading service, the Financial Times reported on its Web site Tuesday, citing recently published job ads seeking a business manager to head what it describes as a new digital video category at Walmart.com.

According to the ad, this would-be employee "will play a critical role in bringing the business to market." The ad didn't give any details of when Wal-Mart will launch this service.

Earlier Tuesday, Apple Computer Inc. (AAPL) unveiled its own digital video downloading service, following last week's launch of a rival service by online retailing giant Amazon.com Inc. (AMZN).

Newspaper Web site: http://www.ft.com
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