Montreal, October 20, 2016 — Stingray Digital Group Inc. (TSX: RAY. A; RAY. B), a leading business-to-business multiplatform music services provider, today announced that it has signed a distribution agreement for its Stingray Music service with KlowdTV, an online subscription platform for streaming television.
“We are extremely pleased that KlowdTV, an up-and-coming and innovative player in the online television streaming industry, has chosen to include Stingray Music’s audio channels in its basic subscription package,” said Eric Boyko, President, Co-founder and CEO of Stingray. “Our ability to adapt to an evolving technological landscape and adjust our product offering to state-of-the-art distribution platforms are key to Stingray’s continued success. We are very excited to be an important part of KlowdTV’s market entry strategy and to provide even more listeners with an expertly curated music experience.”
Under the terms of the agreement, KlowdTV subscribers will have continued access to 50 Stingray Music linear audio channels.
“Music has amazing power and can bring joy to our lives every day,” said Chris Schickedanz, Managing Director for KlowdTV. “We’re proud to bring Stingray’s amazing lineup of 50 channels to KlowdTV subscribers at home and one the go.”
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About Stingray
Stingray (TSX: RAY.A; 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, Festival 4K, 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 50TM 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
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For more information, please contact:
Mathieu Péloquin
Senior Vice-President, Marketing and Communications
Stingray
1 514-664-1244, ext. 2362
mpeloquin@stingray.com