Target to Launch New Movie Streaming Service This Fall

by Karl Utermohlen | September 3, 2013 1:44 pm

Target (TGT[1]) will soon release a new service that will allow its users to purchase and rent movies and TV shows.

Multichannel News reports that those with Target Ticket[2] will be able to browse through a list of over 15,000 titles and buy movies for $14.99 or rent them for $3.99 or $4.99. Additionally, the service will allow users to buy individual TV shows for $2.99 or full seasons for $34.99 and it will offer next-day access to TV shows.

Target’s new venture will help them compete with other successful movie streaming services such as Vudu by Walmart (WMT[3]) and the iTunes Store from Apple (AAPL[4]). Target Ticket is affiliated with most major networks including ABC (DIS[5]), Fox (FOX[6]), HBO (TWX[7]) and NBC (CMCSA[8]).

The retailer’s video streaming service will be available for both Microsoft (MSFT[9]) and Apple users. Target Ticket will also be available as a smartphone and tablet app in Google Play (GOOG[10]) and the Apple Store.

Endnotes:
  1. TGT: http://studio-5.financialcontent.com/investplace/quote?Symbol=TGT
  2. Multichannel News reports that those with Target Ticket: http://www.multichannel.com/distribution/target-ticket-inches-toward-launch/145227
  3. WMT: http://studio-5.financialcontent.com/investplace/quote?Symbol=WMT
  4. AAPL: http://studio-5.financialcontent.com/investplace/quote?Symbol=AAPL
  5. DIS: http://studio-5.financialcontent.com/investplace/quote?Symbol=ABC
  6. FOX: http://studio-5.financialcontent.com/investplace/quote?Symbol=FOX
  7. TWX: http://studio-5.financialcontent.com/investplace/quote?Symbol=TWX
  8. CMCSA: http://studio-5.financialcontent.com/investplace/quote?Symbol=CMCSA
  9. MSFT: http://studio-5.financialcontent.com/investplace/quote?Symbol=MSFT
  10. GOOG: http://studio-5.financialcontent.com/investplace/quote?Symbol=GOOG

Source URL: http://investorplace.com/2013/09/target-to-launch-new-movie-streaming-service-this-fall/
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