Samsung has announced that it has acquired mobile cloud content-service provider mSpot. This means that users will soon be able to access their music and videos stored in the cloud via a pre-installed mSpot app on newly announced Samsung mobile devices.
"MSpot shares our vision to bring a best-in-class cloud and streaming entertainment experience to consumers," senior vice president of Samsung Electronics' Media Solution Center TJ Kang said in a statement. "They've backed it up with great technical solutions from a great engineering team." Samsung didn't announce the terms of the acquisition.
Palo Alto, California-based mSpot launched in 2004, and it delivers music and videos to mobile devices via the cloud — similar to how Amazon's Cloud Player and Google Music work. Using mSpot's app, people can access their movies and music stored in the cloud, and then play them on a device. The service also offers streaming radio, much like Pandora and Spotify.
With this acquisition, Samsung aims to amplify its smartphones, tablets and smart TV entertainment offerings, and keep up with competition from Apple, Google and Amazon.
"Samsung is unparalleled in terms of global reach and cutting-edge devices," mSpot chief executive officer Daren Tsui said in a statement. "With our combined resources, we are looking forward to redefining media consumption across the mobile universe with cloud services."