BlockbusterSamsung reportedly has plans to bring its own streaming video content straight to its Galaxy smartphone and tablet range, Blu-ray players and upcoming Smart TVs. According to Smarthouse, the South Korea-based company has signed a deal with Blockbuster that would spell the delivery of thousands of movies throughout Australia, the U.S. and Europe later this year, maybe even as soon as the first half of 2012.

Once one of the top rental services in the U.S., Blockbuster has endured a torrid period thanks to the popularity of Internet-based Netflix and rental kiosk company Redbox.

While the streaming service may arrive to the U.S. and U.K. markets before the third quarter, Australian consumers will reportedly have to wait until September at the earliest. Samsung is rumored to be developing a new global billing platform in order to facilitate the new video service, The Next Web said. To use the service, owners of Samsung devices will need to sign-up to pay for the streaming content. Unfortunately, there’s still no word on pricing.

Does the world need another streaming service? It sounds like Samsung is trying to create a small ecosystem of its own with this partnership. With a new service and billing platform, the Korean manufacturer can further extend its range of value-added services while also keeping consumers inside the Samsung product lineup. We’re curious, however, if this spells the demise for Samsung’s own Media Hub storefront.

[via The Next Web]