Hollywood is happy today thanks to the big smiling face and sizable weight of Walmart. The top retailer in the United States announced today that on April 16th, at 3,500 of its retail locations, the super, mega, mega, super (well you get the idea) chain will be offering customers the option to use their internet streaming site, Vudu, to store their movies digitally. The cost is projected to be around $2 with high-definition for $5.

Walmart’s Vudu customers will be able to access Ultraviolet, which will in turn allow them to view movies from Internet-connected devices anytime. Ultraviolet is the movie digital locker service owned by Sony, Paramount, Universal, Warner Brothers and 20th Century Fox. The big five studios will team up with Walmart, one of the largest sellers and distributors of their DVDs and will offer hundreds of titles through Ultraviolet.

Consumers in the United States spent $18 billion on home entertainment which included DVDs, online streaming and video on demand. The trend is expected for consumers to continue to move toward lower priced options for their movie rentals. Currently the big winners in this area are Redbox, which charges a little more than a dollar for each movie and Netflix which charges $7.99 per month for unlimited streaming of movies. Walmart is hoping this happy alignment with Hollywood will pay off even though consumers have so far been reluctant to pay for movies online.