Walmart, Vizio in talks that could lead to more than $2B deal
Retailer would use TV manufacturer to strengthen retail media network
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Retailer would use TV manufacturer to strengthen retail media network
Hunter Terry of Lotame discusses Amazon's new ad-supported Prime Video, which created an estimated 100 million-user advertising machine out of the gate, and he breaks down the reasons why brands shouldn't sleep on the powerful impact of Amazon's ad push.
The appeal for Walmart isn't just to sell TVs, which is a crowded space these days, but the massive ad space and data collection possibilities.
The number of Americans shopping on Temu is falling, and many users plan to shop less on the app, according to recent surveys.
Adding Vizio TVs could give companies including J.M. Smucker and Kraft Heinz more screens to display their ads to the more than 130 million shoppers that visit Walmart's 5,000 U.S. stores each week.