Samsung has acquired mSpot, a mobile entertainment start-up that streams movie rentals from companies including Sony, Disney, Paramount, NBCUniversal, Lionsgate, and Warner.
Financial terms have not officially been disclosed, but earlier reports place the acquisition in the $8.8 million range.
According to TechCrunch: “mSPot also offered a cloud-based music service, which let you upload your music to the cloud, and stream this content from a multitude of devices, ranging from PCs, Macs, to the iPhone, iPad and Android. Last year the company launched a Pandora-like radio-service for personal music collections.”
Samsung says it will use mSpot to provide an “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… mSpot’s entertainment services will be a key integrated offering on newly announced Samsung mobile devices.”
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