US: Best Buy is close to launching its revamped on-demand video service, Blue Sky Video, rivalling the likes of Wal-Mart and Netflix, who provide internet video rentals and purchases.The service is a partnership with Sonic Solutions' Roxio CinemaNow, the technology used by Blockbuster Inc for its on-demand video system.

Wal-Mart reported last week that it would purchase its own streaming video company, to enable digital video to be downloaded direct to televisions and discs. Streaming video as such, is predicted to generate sales of $5.4 billion in 2013, increasing from $1.04 billion in 2008, according to a report by Dow Jones.