Samsung Acquires Mobile Entertainment And Music Streaming Startup mSpot
Samsung Electronics has acquired mobile entertainment startup mSpot, according to a release issued today. Financial terms were not disclosed, but previous reports point to an acquisition price of $8.8 million.
mSpot let users stream and watch full-length movies on their mobile phones and on the web. The company had struck deals with Sony, Disney, Paramount, NBC/Universal, Lionsgate, Warner, Image Entertainment, and Screen Media Ventures to stream full-length movie rentals to users’ PCs and cell phones, allowing you to switch between both devices as you pick up and leave off throughout a movie.
source: techcrunch.com
9 May 2012
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