Friday, March 29, 2024

Samsung rumored to be shutting down Milk Music service

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Samsung could be closed to closing down its Milk Music streaming service. A new, but unconfirmed, report claims that Samsung could replace Milk Music via a partnership or acquisition of another streaming service.

According to Variety’s sources, Milk Music has not met with the returns that Samsung expected since it launched in May 2014. While many users have signed up for Milk Music’s free version, few have paid the money for its premium tier:

Insiders and sources close to the company also told Variety that the Milk Music team has seen significant staff reductions over the past couple of months. “A lot of people in the organization have left or are shifting positions,” said one source. A post to the job review website Glassdoor indicates that Samsung Research America, the organization that includes the Milk Music team, was hit with layoffs over the past few weeks, something that a source close to the company corroborated. “There are lots of empty desks and cubes there,” that source said about the Milk Music team.

There are rumors Samsung has had talks about acquiring Jay Z’s Tidal service, but Variety’s sources claim such a deal is not set in stone yet.

Source: Variety

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