Samsung has made the announcement today that they acquired mSpot. That’s right folks. The Cloud Music Locker and Streaming Service is now apart of the korean company. Much like most cloud music services, you are able to upload your music to the cloud for playback on any compatible device. Add the fact that mSpot offers movie rentals within a day if their DVD counterpart being released for streaming purposes you’ve got one heck of a cloud media player. Given that Samsung is adding a Scan-and-Match feature to it’s music subscription service this could essentially be a one, two combination for a media player. Music in the cloud matched with matched higher quality versions of songs is a great combination. As Samsung puts it:
“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 top class 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.”
While it’s safe to assume that Samsung paid a decent chunk of change for this acquisition there are no details on the exact figures. Samsung does plan to integrate mSpot in its future phones. Again though when that is happening is for the future to decide. Could we possibly see it in the Galaxy S III?
Check out the press release after the break:
Samsung Electronics Acquires mSpot
PALO ALTO, Calif., May 09, 2012 (BUSINESS WIRE) — Samsung Electronics, Co., Ltd., a global leader in digital media and digital convergence technologies, announced today 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 top class 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.
“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.
About Samsung Electronics Co., Ltd.
Samsung Electronics Co., Ltd. is a global leader in semiconductor, telecommunication, digital media and digital convergence technologies with 2011 consolidated sales of US$142.2 billion. Employing approximately 190,500 people in 206 offices across 68 countries, the company consists of nine independently operated business units: Visual Display, Mobile Communications, Telecommunication Systems, Digital Appliances, IT Solutions, Digital Imaging, Memory, System LSI and LED. Recognized as one of the fastest growing global brands, Samsung Electronics is a leading producer of digital TVs, mobile phones and semiconductor chips. For more information, please visit www.samsung.com .
mSpot was formed in 2004 and is a provider of innovative music and video delivery service for mobile devices. The company has been providing white-labeled cloud entertainment services for major US mobile carriers. It also has its own brand services available in the Android Marketplace or App Store. For more information, go to www.mspotcorporate.com
SOURCE: Samsung Electronics Co., Ltd.