Report: Walmart and Comcast in Discussions to Make Smart TVs
In an offbeat corporate partnership, Walmart (NYSE: WMT) and Comcast (NASDAQ: CMCSA) might be teaming up to produce and market smart TVs. That's according to a report in The Wall Street Journal, which cited "people familiar with the matter" as saying that the retailer and the entertainment company are currently in discussions on a deal.
According to those sources, Comcast would provide the software for the TVs, which would presumably be sold in Walmart stores. Walmart would then get a percentage of the recurring revenue Comcast draws from that software from viewers. The manufacturing of the TVs is also being discussed; it is possible a third party would be hired to produce them. The article's sources said that it's possible the TVs would carry the Walmart brand.
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Source Fool.com
