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 & Style blogs
Coachella Festival 2015: from Kendall Jenner to Alexa Chung, stars and festival-goers parade their boho best
What do the emoji on Snapchat mean?
A bottle of wine a day is not bad for you and abstaining is worse than drinking, scientist claims
'Game-changing' new way to fight cancer discovered
The busiest Starbucks in the US is also the most secretive - it's where the CIA gets its coffee fix
The only black face in the Ukip manifesto is on the page about overseas aid
Ukip is the only main political party to not address LGBT rights in its manifesto
If I’m being racially abused I don’t need a stranger with a saviour complex to rescue me
BBC election debate: The one photo that summed up the whole 90-minute leaders debate
Religion isn't growing, it is becoming vigorous in its demise, says philosopher AC Grayling
General Election 2015: Polish prince challenges Nigel Farage to a duel over immigration question
- 1 BBC election debate: The one photo that summed up the whole 90-minute leaders debate
- 2 18th century sex toy found in 'toilet of sword fighting school' in Poland
- 3 'I wish my teacher knew...': Young students share their 'heartbreaking' worries in notes
- 4 Rebecca Francis accuses Ricky Gervais of using 'influence' to target female hunters after receiving barrage of death threats
- 5 Australian student Tommy Connolly, 23, adopts his pregnant, homeless 17-year-old cousin to give her a chance at 'a better life'
iJobs Gadgets & Tech
£30000 - £40000 per annum + Benefits: Ashdown Group: Front-End UI Application ...
£18000 - £26000 per annum: Recruitment Genius: They work with major vehicle ma...
£30000 - £36000 per annum + Benefits: Ashdown Group: C# Developer A highly s...
£45000 - £50000 per annum + benefits: Ashdown Group: A market leading software...