October 17, 2017

Samsung Acquires Startup Boxee

AdewaleJul 9, 20132min

“The South Korean electronics giant said it had “acquired key talent and assets” from the company, a spokeswoman for the Suwon, South Korea-based company said.“This will help us continue to improve the overall user experience across our connected devices.”

Boxee was among the first companies to offer a product that streams movies and shows from Internet services directly to the TV, it also allows its subscribers record TV shows onto its servers and then stream them to TVs, computers and smart devices “from the cloud”.But as the market for that grew more competitive with the likes of Roku, Apple TV, and Samsung itself entering the fray, Boxee has struggled to make its voice heard – and has grappled to find grip when it expanded into a related arena.

Boxee, a Start-up company has been shopping itself around, first trying to scrounge up a new round of funding and then courting outright buyers, according to recent reports.

Samsung is the world’s best-selling maker of smart TVs – screens which offer access to apps, video-on-demand and other internet content without the need for a separate set-top box. The electronic giant also aims to maintain its lead in TV sales as it develops new apps and ways to control its sets, including an embedded camera — similar to Microsoft’s Kinect — for recognizing hand gestures.

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