Oct 9, 2018 - Economy

Costco sought to provide a streaming service to customers

Costco storefront with big letters that read Costco and a large parking lot.

Costco Wholesale store in North Brunswick Township, New Jersey. Photo: Michael Brochstein/SOPA Images/LightRocket via Getty Images.

Costco Wholesale had preliminary discussions within the past few months regarding a video streaming service as a perk for its "executive" customers, according to The Information.

The big picture: Costco is yet another mass market retailer feeling pressured to monetize a media streaming service for its customers. Axios has reported that the idea of attention-based advertising has encapsulated grocers and retailers like Walmart, Kroger, Albertsons, Target, as a way steal advertising dollars or consumer attention away from traditional media companies.

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