Samsung is shutting down Milk Video on November 20th

TECHi's Author Jesseb Shiloh
Opposing Author Businessinsider Read Source Article
Last Updated Originally published September 29, 2015 · 11:20 AM EDT
Businessinsider View all Businessinsider Two Takes by TECHi Read the original story Published September 29, 2015 Updated January 30, 2024
TECHi's Take
Jesseb Shiloh
Jesseb Shiloh
  • Words 93
  • Estimated Read 1 min

Samsung expansion into the world of media has been… less than successful. Milk Video is one of the company’s attempts to create a premium entertainment service, one which made it easy for users to find and share videos that are popular online, but that attempt has been met with failure. The company has announced that Milk Video will be shutting down on November 20th, a little more than a year after its release. While the reasons weren’t specified, it’s pretty obvious that a lack of users is behind the decision. 

Businessinsider

Businessinsider

  • Words 204
  • Estimated Read 2 min
Read Article

Samsung is shuttering its video streaming app “Milk Video” just one year and a day after launching it. In a message posted to the Google Play listing for the app, the South Korean electronics company said that it will be closing down the app before the end of the year. “While we remain committed to providing premium entertainment services,” it says, “we have decided to end support for the Samsung Milk Video app as of November 20, 2015.” The company does not provide a reason. Milk Video, which was launched on November 19 last year, let users follow others and subscribe and share content. It was one of several of Samsung’s “Milk” products. There’s also Milk Music, and Milk VR, which curates virtual reality video. There have been rumblings about Milk for a while now: Back in May, Variety reported that Media Solutions Center America — the department behind Milk — was laying off 15% of its 250-strong workforce. And Samsung VP of content and services Kevin Swint reportedly left the unit at around the same time. It’s not clear whether the closure of Milk Video will result in more layoffs. We’ve reached out to Samsung for comment, and will update this story when it responds.

Source

NOTE: TECHi Two-Takes are the stories we have chosen from the web along with a little bit of our opinion in a paragraph. Please check the original story in the Source Button below.

Balanced Perspective

TECHi weighs both sides before reaching a conclusion.

TECHi’s editorial take above outlines the reasoning that supports this position.

More Two Takes from Businessinsider

Court Documents Reveal that After Sam Altman’s Firing, OpenAI Considered a Potential Merger with one of its Major Competitor
Court Documents Reveal that After Sam Altman’s Firing, OpenAI Considered a Potential Merger with one of its Major Competitor

Fresh papers from court say that when Sam Altman got kicked out as OpenAI’s main guy in 2023 for a…

Warren Buffett Sold off BYD and What It Means to the Future of the EVs Powerhouse
Warren Buffett Sold off BYD and What It Means to the Future of the EVs Powerhouse

Berkshire Hathaway has ended its 16-year investment with BYD. Following the purchase of the shares towards the end of 2008,…

OpenAI at War: The $300 Billion Valuation But Battle for AGI
OpenAI at War: The $300 Billion Valuation But Battle for AGI

Is OpenAI cracking under its own weight? It’s a surprising thing that even with the $300 million valuation and around…

Tesla stock sinks 8% after Trump Hits at Musk for Getting ‘More Subsidy than Any Human Being in History’
Tesla stock sinks 8% after Trump Hits at Musk for Getting ‘More Subsidy than Any Human Being in History’

The face-off between two of the most controversial men in America, Donald Trump and Elon Musk, is making headlines in…