Business Briefs: Internet bill of rights, toy industry, WalmartPosted: Updated:
Could a bill of rights be coming for the internet? Rep. Ro Khanna (D-CA 17th District), who represents Silicon Valley, has drafted an internet bill of rights meant to protect people and their privacy. According to the New York Times, it will include things like opt-in consent when it comes to personal data collection and timely notifications when information has been hacked.
As the holiday shopping season ramps up, the toy industry is facing some serious challenges. Many toy manufacturers worry over how the loss of Toys 'R' Us locations will impact sales even as other retailers work to fill the void. The Wall Street Journal reports that stock could dwindle as we get closer to Christmas. In the past, Toys 'R' Us would stock up on popular items because they could sell past the holidays, something other retailers are hesitant to do.
Walmart is making moves to take on Netflix. The mega-retailer says it has partnered with movie studio MGM to provide additional content for its streaming service called Vudu. Reuters reports that MGM will produce video content that will air exclusively on streaming platform. Walmart has slowing been growing Vudu since they purchased it eight years ago, as DVD sales started to drop, according to Cheddar.