Samsung said to be close to launching a Netflix competitor

Samsung is reportedly developing a video service that would be subscriber based. Rumored to be titled Samsung Volt, the service would be a competitor to Netflix. But instead of streaming big name studio films, Volt would be geared toward short form content. The project would be run by new executive VP John Pleasants, who used to toil for Disney's mobile and gaming operations.

Original programming and content is all the rage these days, hot on the heels of Netflix's success with original series like Orange is the New Black. Still, sources familiar with Samsung's intentions, say not to expect a House of Cards. This is a reference to another popular original series for Netflix.  

Samsung has closed down its Media Hub, which sold popular television shows and movies in competition with the Google Play Store. The decision to invest tens of millions of dollars in Volt is a sign that the manufacturer feels that such an offering could lead to more phone and tablet sales.

source:TheInformation via AndroidCentral