Samsung Electronics, Co., Ltd., forerunners in digital media and digital convergence technologies, have announced today that it is acquiring mSpot, Inc., a leading mobile cloud-based content service provider based in Palo Alto, California. The acquisition will provide a cloud-based entertainment experience of music, video and radio services for users of Samsung devices, while extending mSpot's cloud and streaming solutions to a broader base of global entertainment fans. The combination will extend mSpot's cloud and streaming services, while further enhancing Samsung's mobile and tablet device entertainment offerings. mSpot's entertainment services will be a key integrated offering on newly announced Samsung mobile devices.
"mSpot shares our vision to bring a best-in-class cloud and streaming entertainment experience to consumers, and they've backed it up with innovative technical solutions from a great engineering team," said TJ Kang, Senior Vice President of Samsung Electronics' Media Solution Center.
mSpot - for your entertainment streaming needs
"Samsung is unparalleled in terms of global reach and cutting edge devices; with our combined resources, we are looking forward to redefining media consumption across the mobile universe with cloud services," said mSpot Chief Executive Officer Daren Tsui. The acquisition will include the full scope of technology, assets and human resources under mSpot. Further details of the transaction were not disclosed.
Based on this development, it’s pretty clear that Samsung is planning something in the cloud entertainment space. Standalone apps and services, like Spotify have been existing, but haven’t really been available world over, like India, for example, so it’ll be interesting to see how Samsung plans to integrate mSpot into their current existing services.
Samsung has mentioned clearly that mSpot will be a ‘key integrated offering’ so, if all goes according to plan, we could well be seeing Samsung’s very own music, video and radio streaming services, obviously exclusive to their Samsung smartphones. With all the current hubs that Samsung has preloaded onto their smartphones, there’s a bright chance that it’ll get some cloud streaming goodness. The word ‘newly announced Samsung mobile devices’ is looking like the party spoiler out here, though.
Published Date: May 10, 2012 01:27 pm | Updated Date: May 10, 2012 01:27 pm