trending Market Intelligence /marketintelligence/en/news-insights/trending/0khnDWzx1RnTZUi2hRiI1Q2 content esgSubNav
In This List

Report: Walmart to offer free video-streaming service in India

Blog

Volume of Investment Research Reports on Inflation Increased in Q4 2021

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix

Blog

Using ESG Analysis to Support a Sustainable Future

Podcast

Next in Tech | Episode 48: The everything that is Industrial IoT


Report: Walmart to offer free video-streaming service in India

Walmart Inc.-owned Flipkart Online Services Pvt. Ltd. is planning to take on rival Amazon.com Inc. by launching its own video-streaming service in India in coming months, Bloomberg News reported Aug. 5, citing people with knowledge of the matter.

The Indian retailer plans to launch video streaming for members of its Flipkart Plus loyalty program by September ahead of the Diwali shopping season. Flipkart will initially stay away from producing its own shows and will instead rely on licensing content from the likes of Walt Disney Co. and Balaji Telefilms Ltd., according to the report.

Walmart acquired Flipkart in August 2018 for $16 billion. The U.S. retail giant owns 77% of the Indian online retailer's share capital.

As of Aug. 5, US$1 was equivalent to 70.84 Indian rupees.