Samsung have announced that the have acquired cloud streaming startup mSpot, a company who provides streaming solutions for media including video and music.
So it looks like Samsung will be releasing their own cloud based music and video streaming offering to take on Apple’s iCloud, and Samsung will be integrating the software into their Android devices.
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’s entertainment services will be a key pre-installed offering on newly announced Samsung mobile devices.
As soon as we get some more information on exactly what Samsung’s new cloud streaming service will offer we will let you guys know.
Source Samsung Tomorrow