Posted on 4 Jul 2013 at 08:58, by Gareth Halfacree
Samsung has announced that it has purchased streaming media specialist Boxee in a deal valued at $30 million (around £1.96m), with the result that selected services will be closed.
Boxee's software was free to install on PCs, although hardware was launched in the UK in 2010 in partnership with D-Link, as the D-Link Boxee Box. With its clever online media aggregation technology Boxee gained considerable ground over its rivals but has been struggling since manufacturers, including Samsung, began building similar functionality into their Smart TV sets.
As a result of the deal, Samsung will integrate Boxee technology into its own products, but with the loss of some services. In particular, the Boxee Cloud Digital Video Recorder (DVR) service which was recently launched in beta form is to be shut down on the 10th of July. "You will not have access to your existing recordings after that date," a Boxee spokesperson confirmed in a statement on the deal. "We realise many of you loved the service, and were sorry it wont be available moving forward.
"We started on this journey six years ago, and have been at the forefront of the changing TV and video landscape. We believe that over the next few years the video market will change even more than it has in the past few decades.
"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. We are excited about the next chapter for our team."
Boxee has stated that it is working to ensure "minimal impact" to existing device and software users, beyond the closure of the Cloud DVR service, but has not yet indicated whether its products will be removed from the market by Samsung as part of the technology integration process.
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