Walmart reportedly plans to launch Indian streaming service
Walmart plans to launch a new video streaming service from its Flipkart subsidiary in India as part of its struggle with Amazon, in keeping with a file from Bloomberg. The carrier will reportedly be free for participants of the Flipkart Plus loyalty software, according to unnamed resources with know-how of the plans. Walmart received the Indian store in May closing year for $16 billion in what changed into the world’s largest e-commerce acquisition on the time. Although Flipkart’s carrier bears a passing resemblance to Amazon’s Prime Video streaming service, Bloomberg’s record shows that it will function very in a different way. For one, Flipkart doesn’t plan to to start with produce any of its personal suggests. Instead, it'll rely on licensing content material from the likes of Disney and Balaji Telefilms. Flipkart Plus additionally works a lot more like a traditional loyalty software than the subscription-based Amazon Prime, which charges 999 rupees (round $14) a yr in Indi...