In a statement posted on http://www.boxee.tv/ the Boxee team have announced that they will be joining Samsung, after the South Korean tech giant acquired the New York Based startup for what is reported to be a price of $30M (~£20M).

Boxee, who you may remember because of products such as the exceptional Boxee Box, had raised $26.5M (~£18M) in venture capital funding and were initially only looking for further funding. They are being seen as a company whose software could help Samsung in the competitive Smart TV market, due to the knowledge they have accrued from past products.

In the statement posted on their website Boxee do state that they will try to ensure minimal impact to current devices out there however they have said that the Cloud DVR funcionality provided for certain users will be discontinued on July 10th.

The full statement for you to read is below :

 

We’re pleased to announce that the Boxee team will be joining Samsung.

 

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.

 

For Boxee users, we’re working behind the scenes to ensure there’s minimal impact to your devices. However, the beta Cloud DVR functionality we provided to certain Boxee TV users will be discontinued on July 10th. You will not have access to your existing recordings after that date.

 

We realize many of you loved the service, and we’re sorry it won’t be available moving forward. We’re incredibly proud of what we’ve built, and we want to thank you for being a part of our journey.

 

Sincerely, Team Boxee

 

 

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