The footages shows Wal-Mart executives in unguarded moments
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Wal-Mart, the world's largest retailer, faces embarrassment and potential lawsuits after its corporate video archive was made public.
Flagler Productions, which worked for Wal-Mart for almost 30 years, has made its footage available to lawyers, unions and media organisations.
The archive includes clips of male store managers parading in drag.
Wal-Mart dropped Flagler in 2006 and only offered the firm $500,000 for the video library.
Flagler had asked for $150m before reducing its price to $145m, according to a letter on Wal-Mart's website.
The footage captures Wal-Mart executives and employees in closed meetings and unguarded moments.
A lawyer stumbled on the archive when representing a 12-year-old boy who suffered extensive burns after a gas canister bought at Wal-Mart exploded.
She found footage of employees joking and playing skits about exploding gas cans, reports said.
Flagler says that since Wal-Mart never signed a contract for its services, the rights to the tapes still belong to the production company.
Reports say Flagler, based in Kansas City, is now charging $250 an hour for video research.
Wal-Mart has not commented on the ownership of the archive.
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