Stingray Digital Group Inc.
TSX : RAY.A
TSX : RAY.B

Stingray Digital Group Inc.

June 15, 2016 16:30 ET

Stingray at the Forefront of the 4K Revolution with the Acquisition of Festival 4K

Festival 4K to become the first international 4K Ultra HD channel with worldwide availability

MONTREAL, QUEBEC--(Marketwired - June 15, 2016) - Stingray Digital Group Inc. (TSX:RAY.A)(TSX:RAY.B), a leading business-to-business multiplatform music provider, today announced that it has acquired the Festival 4K television channel.

Available to more than 7 million subscribers currently under contract, Festival 4K is the leading 4K Ultra HD channel with an international customer base. Its diverse programming includes hundreds of hours of extraordinary shows and events recorded live. Pay-TV providers carrying Festival 4K include VOO in Belgium, Free in France, and Vodafone in Spain.

"Following the introduction of Stingray Ambiance in 4K in September 2015, we are excited to add Festival 4K as a complement to our product offering," said Mathieu Péloquin, senior vice-president, marketing and communications of Stingray. "The demand for expertly curated cultural programming in 4K UHD quality is growing exponentially worldwide. Festival 4K's superior resolution provides viewers with the incredible experience of being front row center at the world's best concerts, festivals, circus shows, and events. "

Launched in April 2015, Festival 4K, one of the first channel in the world to broadcast nonstop in native 4K UHD, programs a range of live performances including festivals, concerts and theatre productions.

The acquisition of Festival 4K demonstrates Stingray's commitment to providing Pay-TV providers and their subscribers with the widest variety of quality music content on all platforms.

FESTIVAL 4K HIGHLIGHTS

  • Resolution from 2160 pixels to 4320 pixels.
  • 2.0, 5.1 or 10.2 Dolby Digital audio quality.
  • A wide range of live shows such as festivals, concerts, circus shows, operas, musical theatre and more.
  • 24/7 programming without commercials or interruptions.

For more information about Festival 4K, consult the website at: http://festival4k.tv/

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 and Stingray Karaoke. 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 over 300 employees across the world, including in Toronto, Miami, London, Amsterdam and Tel Aviv. 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 www.stingray.com.

Contact Information

  • Mathieu Peloquin
    Senior Vice-President, Marketing and Communications
    Stingray
    1 514-664-1244, ext. 2362
    mpeloquin@stingray.com