28 Sep Samsung Enters Digital Music Business
Samsung: Digital Music Biz Is Korean Company’s Next Target For Growth
By Miyoung Kim
From Reuters/Huffington Post
Samsung Electronics, which has vaulted the value chain on the strength of its hardware, will go out and buy mobile content providers, a senior executive told Reuters, to compete with Apple, Google and Amazon.com in a global digital music market worth nearly $9 billion.
Apple’s potential launch of an online streaming music service is prompting rivals to counter the iPod maker, which pioneered and still leads the digital music market. Success in today’s mobile market means integrating products to seamlessly connect hardware and software.
In May, Samsung bought online music service mSpot and has built its own Music Hub service to compete against Android’s Music Player, Apple’s iTunes and Amazon’s Cloud Player. Kang says Samsung is ready to do more deals.