Century City, CA – Paul Hastings LLP, a leading global law firm, announced that the firm advised Walmart on the sale of Vudu, a popular on demand streaming service, to Fandango, a subsidiary of NBCUniversal.
As a part of the agreement, Vudu will continue to power Walmart’s digital movie and TV store on Walmart.com. The video service reaches more than 100 million living room devices across the United States.
The transaction is subject to customary closing conditions.
The Paul Hastings team was led by Corporate partner David Hernand, and included of counsels Nigel Pearson and Ron Ben-Yehuda, associates Stuart Downey, Jennica Wragg, Rebecca Rechtszaid, Employment and Benefits partner Steve Harris, Tax associates M’Alyssa Mecenas and Amy Lawrence, and Director of Privacy and Cybersecurity Solutions Brianne Powers.
Paul Hastings continues to advise on some of the biggest transactions for streaming platforms, including Viacom’s $340 million acquisition of Pluto TV.
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