American retail store chain Walmart is going to develop its own service for the provision of video content. According to some reports, it became known that the company is cooperating with the well-known television producer Mark Greenberg. The creation of the service is still at an early stage, Walmart will take the final decision closer to the fall. To compete with the leaders in video broadcasting, Walmart plans to offer its customers lower subscription prices.
Over the past few days, Walmart shares rose 1% and will continue to grow based on the news. Trading will be available during the American session, from 13:40 to 20:00 GMT.
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