Samsung announced on Wednesday that the company is the proud new owner of mSpot, a cloud-based service most known for its music storage. The acquisition it set to provide Samsung with the necessary technology to “provide a cloud entertainment experience of music, video and radio services for users of Samsung devices, while extending mSpot’s cloud and streaming solutions to a broader base of global entertainment fans.” The Korean company didn’t specify how it plans to move forward with mSpot, only to say that the acquisition represents a “key pre-installed offering” on upcoming devices. Could the company perhaps be referring to something coming to the Galaxy S III? I wouldn’t doubt it! MSpot CEO Daren Tsui promised today’s news will “redefine media consumption.” Big, big statement there Mr. Tsui
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