Walmart may be planning a Netflix-style subscription streaming service

Walmart may be doubling down on its efforts to compete against Amazon. The retail giant is considering taking a page from Netflix and launching its own video streaming service, in a bid to take on its formidable competitor, Amazon, the Information reports, citing sources close to the situation. In an effort to undercut the competition, Walmart would price its service at a discount to rivals, charging consumers less than $8 a month. That might give consumers a reason to switch or sign up for the service, in addition to the myriad of other platforms out there, like Netflix, Amazon Prime Video, Hulu and HBO Go, among others. Amazon Prime Video costs users $8.99 per month, while Netflix charges $8 on a monthly basis.