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.
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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.