MONTREAL, QUEBEC--(Marketwired - June 21, 2016) - Stingray Digital Group Inc. (TSX:RAY.A)(TSX:RAY.B), a leading business-to-business multiplatform music provider, today announced that it has reached an agreement to acquire four (4) of Bell Media's popular music video channels: MuchLoud, MuchRetro, MuchVibe and Juicebox.
"In an industry where consolidation is the watchword, and where growth and scale define success, the acquisition of premium quality music content is our primary strategy," said Eric Boyko, President, Co-founder and CEO of Stingray. "I am thrilled to have come to an agreement with Bell Media to acquire MuchLoud, MuchRetro, MuchVibe and Juicebox. This transaction with Bell Media paves the way for independent media companies like Stingray to propel their global expansion."
MuchLoud, MuchRetro, MuchVibe and Juicebox are a valuable addition to Stingray's portfolio of television music channels that already include Stingray Ambiance, Stingray Lite TV, Stingray Concerts as well as the recently acquired Brava and Djazz.
MuchLoud, MuchRetro, MuchVibe and Juicebox are distributed by many Canadian providers including Bell, Cogeco, Eastlink, MTS, SaskTel, Rogers, TBayTel, and Telus. Following the acquisition, the four channels will be reintroduced under the Stingray brand.
This transaction demonstrates Stingray's continued commitment to acquiring high-quality television content and providing providers worldwide with the most comprehensive music products and services offering.
MuchLoud caters to fans of hard music everywhere, it delivers the best in alternative, metal and punk music videos, featured alongside exclusive artist interviews, specials, classic archival material and up-to-the-minute concert info.
MuchRetro features classic (songs more than five years old) music videos and related programs, including music and pop news or commentaries, interviews, concerts, profiles, and specials, as well as music-related feature films and series or programs.
MuchVibe is devoted exclusively to hip-hop, R&B, soul & reggae music Videos, interviews, and concert specials.
Juicebox is a music video channel devoted to kids; it features parent-approved videos from today's biggest stars, 24-7.
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 www.stingray.com/.