Transition Music Corporation | Samsung Enters Digital Music Business
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Samsung Enters Digital Music Business

Samsung Enters Digital Music Business

Samsung: Digital Music Biz Is Korean Company’s Next Target For Growth
By Miyoung Kim

September 26, 2012
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 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.

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