Samsung acquires streaming-media startup Boxee for a smart TV push

 

Streaming-media startup Boxee have been bought by South Korean electronics giant Samsung for a reported $30 million in order to expand its footprint in the smart TV market.

The Israeli-based Boxee produces its own hardware that records content from streaming broadcast channels, allowing users to then watch these shows and films “from the cloud” on a range of deviecs including TVs, computers, tablets and smart phones.

As well as its success in the smartphone market Samsung is the world’s best-selling maker of smart TVs – screens with built in functionality offering access to the internet, video-on-demand services and various apps. Earlier this year it said that the majority of sets it sells will be smart TVs.

The acquisition will mean that Boxee will shut down its cloud-based recorder service on July 10, apologising on a statement on their website: “We realize many of you loved the service, and we’re sorry it won’t be available moving forward.”

How exactly the collaboration will express itself in real terms is uncertain, though in the same public statement Boxee said:

“Joining Samsung means we will be able to work on products that marry the best hardware and software in the TV space, products that will be used by tens of millions of people and will help to shape the future of TV.”

Many industry commentators have speculated that Smasung would take advantage of Boxee’s software, as the South Korean’s in-house user interfaces have often been criticised for their unreliability.

Although details of the deal have not yet been disclosed, a number of Israeli outlets including The Marker are reporting the figure for the sale as close to $30 million. This price has been seen as somewhat parsimonious considering a recent round of funding raised $26.5 million for the company.

In a statement given to the New York Times Samsung would discuss finances, only stating that the company has “acquired key talent and assets from Boxee. This will help us continue to improve the overall user experience across our connected devices.”

News of the deal continues to confirm living-rooms as the major battleground for consumer electronics over the next year. Microsoft’s launch of the Xbox One as an all-in-one media solution and the continued rumours surrounding Apple TV mean killer products for the front room are being chased by all the major companies.

Life and Style
ebookNow available in paperback
ebooks
ebookPart of The Independent’s new eBook series The Great Composers
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

ES Rentals

    iJobs Job Widget
    iJobs Gadgets & Tech

    Ashdown Group: Front-End UI Application Developer

    £30000 - £40000 per annum + Benefits: Ashdown Group: Front-End UI Application ...

    Recruitment Genius: Digital Account Executive

    £18000 - £26000 per annum: Recruitment Genius: They work with major vehicle ma...

    Ashdown Group: C# Developer

    £30000 - £36000 per annum + Benefits: Ashdown Group: C# Developer A highly s...

    Ashdown Group: Senior Test Engineer

    £45000 - £50000 per annum + benefits: Ashdown Group: A market leading software...

    Day In a Page

    Where the spooks get their coffee fix: The busiest Starbucks in the US is also the most secretive

    The secret CIA Starbucks

    The coffee shop is deep inside the agency's forested Virginia compound
    Revealed: How the Establishment closed ranks over fallout from Loch Ness Monster 'sighting'

    How the Establishment closed ranks over fallout from Nessie 'sighting'

    The Natural History Museum's chief scientist was dismissed for declaring he had found the monster
    One million Britons using food banks, according to Trussell Trust

    One million Britons using food banks

    Huge surge in number of families dependent on emergency food aid
    Excavation at Italian cafe to fix rising damp unearths 2,500 years of history in 3,000 amazing objects

    2,500 years of history in 3,000 amazing objects

    Excavation at Italian cafe to fix rising damp unearths trove
    The Hubble Space Telescope's amazing journey, 25 years on

    The Hubble Space Telescope's amazing journey 25 years on

    The space telescope was seen as a costly flop on its first release
    Did Conservative peer Lord Ashcroft quit the House of Lords to become a non-dom?

    Did Lord Ashcroft quit the House of Lords to become a non-dom?

    A document seen by The Independent shows that a week after he resigned from the Lords he sold 350,000 shares in an American company - netting him $11.2m
    Apple's ethnic emojis are being used to make racist comments on social media

    Ethnic emojis used in racist comments

    They were intended to promote harmony, but have achieved the opposite
    Sir Kenneth Branagh interview: 'My bones are in the theatre'

    Sir Kenneth Branagh: 'My bones are in the theatre'

    The actor-turned-director’s new company will stage five plays from October – including works by Shakespeare and John Osborne
    The sloth is now the face (and furry body) of three big advertising campaigns

    The sloth is the face of three ad campaigns

    Priya Elan discovers why slow and sleepy wins the race for brands in need of a new image
    How to run a restaurant: As two newbies discovered, there's more to it than good food

    How to run a restaurant

    As two newbies discovered, there's more to it than good food
    Record Store Day: Remembering an era when buying and selling discs were labours of love

    Record Store Day: The vinyl countdown

    For Lois Pryce, working in a record shop was a dream job - until the bean counters ruined it
    Usher, Mary J Blige and Will.i.am to give free concert as part of the Global Poverty Project

    Mary J Blige and Will.i.am to give free concert

    The concert in Washington is part of the Global Citizen project, which aims to encourage young people to donate to charity
    10 best tote bags

    Accessorise with a stylish shopper this spring: 10 best tote bags

    We find carriers with room for all your essentials (and a bit more)
    Paul Scholes column: I hear Manchester City are closing on Pep Guardiola for next summer – but I'd also love to see Jürgen Klopp managing in England

    Paul Scholes column

    I hear Manchester City are closing on Pep Guardiola for next summer – but I'd also love to see Jürgen Klopp managing in England
    Jessica Ennis-Hill: 'I just want to give it my best shot'

    Jessica Ennis-Hill: 'I just want to give it my best shot'

    The heptathlete has gone from the toast of the nation to being a sleep-deprived mum - but she’s ready to compete again. She just doesn't know how well she'll do...