Wal-Mart announced this week that it wants to take your movie collection online. But is it good business? Or a gimmick designed to extract money from clueless consumers?
In previous years, many criticized Wal-Mart (NYSE:
WMToverly enthusiastic press release. “Wal-Mart is giving physical DVD/Blu-ray collections across the country a second life by turning them into digital movies.”
Hmm, that's odd. Since when do DVDs and Blu-ray discs need a “second” life? Aren't they
still on the market? Aren't DVD players
still being sold? Don't our old DVDs
still play like new? Based on Wal-Mart's announcement, you would think that DVDs were obsolete. But not even Netflix (NASDAQ:
NFLX) has been able to
kill off the disc-based entertainment mediumNFLXlegally purchased movies on DVD.
There aren't many of us, you know. Far too many consumers pirate the films they watch.
This brilliant comic illustrates some of the reasons why. But despite the hassle of buying legitimate copies of new films, I still do it. Why? Not just because I want to support the men and women who make movies, but also because it's the
right thing to doan enormous rip-offFollow me @LouisBedigian© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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