Stingray Announces Closing of Its Acquisition of Three (3) Bell Media Specialty Television Channels
Stingray closes acquisition of Much Vibe, Much Loud and Juicebox
(firmenpresse) - MONTREAL, QUEBEC -- (Marketwired) -- 08/15/16 -- Stingray Digital Group Inc. (TSX: RAY.A)(TSX: RAY.B), a leading business-to-business multi-platform music and in-store media solutions provider, today announced that it has formally closed the previously announced strategic acquisition of Bell Media''s Much Vibe, Much Loud and Juicebox specialty channels. The acquisition of a fourth channel, Much Retro, is expected to follow shortly.
As previously announced on June 21, 2016, Stingray will own and operate the three (3) specialty music channels.
Effective August 12, 2016, the channels will be rebranded with the Stingray brand:
"We are very pleased to complete this highly synergistic acquisition," said Eric Boyko, President, Co-founder and CEO of Stingray. "We believe that the addition of Stingray Vibe, Stingray Loud, and Stingray Juicebox to our product portfolio will expand our client base and confirm our position as an industry leader."
The closing of this transaction demonstrates Stingray''s continued commitment to acquiring high-quality television content and providing its customers around the world with the most comprehensive suite of music products and service offerings.
Channel Info
Stingray Loud (formerly Much Loud) caters to fans of hard music and delivers the best alternative, metal and punk music videos, alongside exclusive artist interviews, specials and classic archival material.
Stingray Vibe (formerly Much Vibe) is devoted to hip-hop, R&B, soul and reggae music videos, interviews and concert specials.
Stingray Juicebox (formerly Juicebox) is developed for children and features parent-approved and kid-friendly videos from today''s biggest stars.
About Stingray
Stingray (TSX: RAY.A)(TSX: RAY.B) is a leading business-to-business multi-platform music and in-store media solutions provider operating on a global scale, reaching an estimated 400 million Pay-TV subscribers (or households) in 152 countries. Geared towards individuals and businesses alike, Stingray''s products include the following leading digital music and video services: Stingray Music, Stingray Concerts, Stingray Brava, Stingray Djazz, Stingray Music Videos, Stingray Lite TV, Stingray Ambiance, Stingray Karaoke, and iConcerts. Stingray also offers various business solutions, including music and digital display-based solutions, through its Stingray Business division. Stingray is headquartered in Montreal and currently has close to 300 employees worldwide, including in the United States, the United Kingdom, the Netherlands, Switzerland, France, Israel, Australia and South Korea. Stingray was recognized in 2013 and 2014 as a finalist in the Top 50 of Deloitte''s Technology Fast 50™ list, and figures amongst PROFIT magazine''s fastest-growing Canadian companies. In 2016, Stingray was awarded best IR for an IPO at the IR Magazine Awards - Canada. For more information, please visit .
Contacts:
Nedjma Belbahri
Senior Communications Advisor
Stingray
1 514-781-0174
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Datum: 15.08.2016 - 12:30 Uhr
Sprache: Deutsch
News-ID 1452677
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