Samsung Acquires mSpot

Samsung announced today that it is going to acquire the online music and movie stream service mSpot. This will allow the electronics giant to take advantage of the online music streaming service on its next generation Smartphones and tablets. Further details such as the acquisition amount was not revealed, however analysts estimate the amount to be less than $10 million.

Mspot which is based in Palo Alto has been operating in the online music and film streaming services since 2004. Over the time the company has enhanced its features to include cloud storage which allows consumers to store their music or movie files on their servers and view it from anywhere in the world. The services offered by mSpot are directly rivaling that of Google and Amazon, who also have a similar service on the internet.

Vice President of Samsung Media Solution center, TJ Kang, has expressed his vision by saying that mSpot has the same visions of providing excellent service to the consumers and they have done a great job so far by introducing the best possible technical solutions, hence Samsung has close ties to the company. According Kang, new devices from Samsung will be preinstalled with the mSpot service giving consumers ready access to online music, video and radio streaming from their devices.

Samsung has revealed that the combine resources of the companies will help them redefine the cloud internet services by offering various media on the mobile within the internet cloud.

Analysts have also spoken by saying that it is indeed very important for a Smartphone to compete against other phones by introducing fun and interactive applications. With the new applications coming to the Samsung Smartphones and tablets, consumers will be able to take advantage of the streaming service upfront.

In other reports, manufacturers like HTC is also working with streaming services to bring a dedicated stream enabled services to their handsets. Sony is already using its own Sony Music service for every phone it releases. Apple last year also introduced its iCloud service which allows the owners of the iPhone to store their media on the servers and listen from anywhere they wish from.