Samsung Acquires mSpot Inc, Possible iCloud Competitor?

Samsung has just revealed in am email that they have purchased leading mobile cloud content service provider mSpot Inc. This means that Samsung is trying to start providing digital content such as music, video, and radio to Samsung users. They’ll also be extending mSpot’s current products to more people. Unfortunately, it seems that people who currently own Samsung products might not get these services. The press release states that it will be pre-installed on newly announced Samsung products. Good news is that it isn’t limited to smartphones.

I usually dislike comparing any company to Apple, because it starts showing that Apple is leading the pack, which it often isn’t. But in this case, Samsung has been releasing products that have been competing directly with Apple, like S-Voice. And we have a striking suspicion that this could be their answer to iCloud. But is it necessary? The Play Store already offers music and movies streamed directly to all Android phone users, including Samsung users. Why do we need another service for this? Unless Samsung can do it big and outplay the Play Store in content, this might just be another streaming service ignored by the masses. Let’s hope not. I hope that Samsung gets a lot of content quick, as the Play Store is admittedly a little sparse in the Movies and Music sections.

Full press release:

Samsung Electronics Acquires mSpot

Palo Alto, Calif. – May 9, 2012 – 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 contents service provider based in Palo Alto, California.

The acquisition will provide a cloud 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. The mSpot entertainment services will be a key pre-installed 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 great 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.

About mSpot

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

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