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Walmart Is Taking on Netflix & Amazon -- By Using Your DVD & Blu-Ray Collection

Owners of nearly 8,000 film titles will be able to store and watch them on their smartphones, just by scanning the discs' barcodes.

On Thursday, owners of nearly 8,000 DVD and Blu-ray movies from Lions Gate Entertainment (LGF) , Paramount Pictures (VIAB) - Get Report , Sony (SNE) - Get Report , Twenty-First Century Fox (FOX) - Get Report , Universal Pictures (a division of Comast (CMCSA) - Get Report  and Warner Bros. (TWX)  can convert them digitally to their Apple (AAPL) - Get Report  iPhone or Alphabet's Google (GOOGL) - Get Report  Android smartphone through Walmart's (WMT) - Get Report subscription-free, on-demand streaming service Vudu.

This article was written by a staff member of TheStreet.

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