Samsung buys streaming startup mSpot to take on iCloud and Google Play | VentureBeat (click for full article) "Electronics giant Samsung has purchased streaming media startup mSpot, the companies announced today. Financial terms of the deal were not disclosed, but the deal is rumored to be worth an estimated $8.8 million, according to a South Korean news site Mael Business. MSpot's service functions similar to Google Music or Amazon's Cloud Player. Users can upload the digital media (music, movies, TV shows) stored on their computers into the cloud via an mSpot app. That media is then accessible on a handful of smart devices through mSpot's app, which is available on iPhone, iPad, Android, and Google TV. Users are allotted 5GB of storage for their media for free. The mSpot streaming music service also offers users a Pandora-style smart-radio functionality, while the video service is geared more towards making new movie purchases. As part of the acquisition deal, the mSpot app will be featured within Samsung's growing ecosystem of devices, such as smartphones, tablets, smart TVs, etc. Strategically speaking, Samsung will likely develop the mSpot service as a way to compete more evenly with Apple, which offers its own digital media store as well as plenty of streaming functionality via its iCloud service. The move will also allow Samsung to steal attention away from the Google Play Store, which is easily integrated into Samsung devices running Google's Android operating system. The interesting part of this development will be if Galaxy smartphones and tablet owners actually use the mSpot service over Google Play - and more importantly, how Samsung plans to entice people to use mSpot over Google Play."