Says Wal-Mart: The new program "allows customers to reconnect with the movies they already own on a variety of new devices, while preserving the investments they've already made in disc purchases."
The digital copies will be available via Vudu, Wal-Mart's streaming and download service that is available on hundreds of Blu-ray players, set-top boxes, gaming consoles and of course on PC. Each license will also be available in your UltraViolet cloud library for streaming.
Account holders can stream or download the movies on up to 12 devices and each account can be shared by 6 people.
Fox, Sony, Universal, Warner Brothers and Paramount are all signed on, meaning most major movies will be eligible for a digital license.