Retailers in Video Pact

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NEW YORK Wal-Mart and Blockbuster said they would begin selling video downloads over the Internet, entering a potentially lucrative business that has thus far been dominated by exclusive online sellers such as Apple iTunes, CinemaNow and Movielink.

In addition, Time Warner chairman and CEO Richard Parsons indicated that as early as next year consumers would be able to download versions of Warner Bros. movies from the Internet that can be burned onto DVDs—most likely on the same day the studio-issued DVD goes on sale in stores.

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