South Korean electronics giant Samsung is reportedly buying out the Israeli firm “Boxee” who make media streaming devices according to the BBC. The deal is reportedly worth around $30 million. Samsung stated that the takeover allowed it to acquire “key talent and assets” which “will help us continue to improve the overall user experience across our connected devices”.
Boxee’s products let subscribers record TV shows onto cloud storage and then stream them to TVs, computers and smart devices from this cloud storage. Given that Samsung is struggling to shift a lot of its smart TVs this could be a wise move for them as Boxee has a well recognised and trusted reputation with its consumer base. Now Samsung doesn’t have to struggle to convince people to use its smart TV services over that of its competitors because it now owns one of its competitors.
Despite this Boxee did struggle to make money because smart TVs are in their infancy. The acquisition by Samsung will help the Boxee concept to stay alive until smart TVs pick up in popularity a bit more, which is expected to happen in 2017 when an estimated 221 million will ship according to Informa Telecoms and Media. Only 54 million were sold in 2012.
Image courtesy of Boxee
According to a new report, the GeForce RTX 5090 GPU will be very expensive. It…
A new AMD processor in the form of an engineering model has been leaked in…
SK Hynix has claimed to be the first company to mass-produce 321-layer NAND memory chips.…
SOUNDS GREAT – Full stereo sound (12W peak power) gives your setup a booming audio…
Special Edition Yoshi design Ergonomic controller shape with Nintendo Switch button layout Detachable 10ft (3m)…
Fluid Motion: These flight rudder pedals are smooth and accurate that enable precise control over…