Samsung acquires streaming-media startup Boxee for a smart TV push
Thursday 04 July 2013
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.
Sales of the tablet are set to fall again say analysts
World's most lethal spider found under a bunch of bananas
British supermodel and hitmaker join forces to launch a 'huge song'
The Duke and Duchess of Cambridge announce they are set to welcome second child in spring
I Am Bread could actually a challenging and nuanced title
Life & Style blogs
Soylent: Could a slug of nutritionally engineered sludge ever replace the leisurely meal?
Jeremy Hunt tells nurses 'path to lower cost is the same as the path to safer care'
Cara Delevingne photographed naked by Mario Testino for Allure magazine
Dear young men: The old stereotypes of what it is to be a 'man' are a load of rubbish
What lies beneath La Perla's 60 years of luxury lingerie?
Cameron is warned 'no possibility' of UK reducing immigration and that bid to bring in quota on migrant workers would be illegal
Sorry Judy Finnigan – Ched Evans is no less sickening than an alleyway rapist
Residents should throw a street party and mix with immigrant neighbours, councils told
Workers 'could be forced to pay £5 a week' to get benefits
Russell Brand threatened with arrest after filming outside Fox News headquarters
Amal Alamuddin calls for the return of the Elgin Marbles from Britain: 'Injustice has persisted for too long'
- 1 Jack the Ripper: Scientist who claims to have identified notorious killer has 'made serious DNA error'
- 2 Ebola outbreak: What is bushmeat – and is it to blame for the disease that has killed thousands?
- 3 Star Wars memorabilia called a 'bit of plastic' on Antiques Roadshow by Fiona Bruce valued at £50,000
- 4 Meet Thea, Norway's 12-year-old child bride
- 5 Russell Brand might seem like a sexy revolutionary worth getting behind, but he will only fail his fans
iJobs Gadgets & Tech
£60000 - £65000 per annum: Sauce Recruitment: A globally successful media and ...
competitive + benefits: Sauce Recruitment: Are you looking for your next role ...
£45000 - £55000 per annum: Sauce Recruitment: This is your chance to join a gl...
£22000 Per Annum: Clearwater People Solutions Ltd: Our client based in Thame i...