Samsung Is Reportedly Dropping Tens Of Millions On A New Mobile Video Service (SSNLF)

Samsung is spending tens of millions to create original short videos for mobile devices, The Information's Jessica Lessin reports. The project, codenamed "Volt," could also include music, not unlike Apple's Beats Music service. Samsung may decide to make money from the service by charging users for monthly access. Having exclusive mobile video could help Samsung revitalize its smartphone business. where revenues have gone down sharply after peaking last year: Making an original content push is n...