as tsx ray.a tsx ray.b industry media founded 2007 headquarters montreal quebec area served worldwide key people eric boyko president ceo & founder revenue us 71 million 2015 1 number of employees 250 2015 1 website www.stingray.com stingray digital group is a publicly traded canadian media and entertainment company based in montreal quebec with offices in the united states the united kingdom the netherlands switzerland france israel australia and south korea . the company broadcasts music and video content on platforms including cable and satellite television iptv internet mobile devices and game consoles and develops customized audio and digital services for retailers hotels and other commercial clients . 2 3 4 contents 1 history 2 properties 3 acquisitions and partnerships 4 milestones 5 references 6 external links history edit stingray digital was founded in may 2007 by eric boyko and alexandre taillefer in partnership with telesystem following the purchase of karaoke company soundchoice for 6 million . this gave them a catalogue of karaoke songs and a karaoke channel allowing them to create the karaoke channel now known as stingray karaoke . 3 5 later that year the company acquired cable tv commercial free music service galaxie from the canadian broadcasting corporation for 65 million renaming it stingray music . 1 4 6 7 taillefer exited the company in 2010 . 6 in may 2015 stingray raised 140 million in its initial public offering . the sale gave the firm a market value of 296 million . 3 it began trading on the toronto stock exchange on june 3 2015 under the ticker ray . novacap sold most of its stake in the company after the ipo . 5 in 2014 stingray launched the stingray music mobile app . in 2015 the service began connecting listeners to over 1 500 vibes channels of music from a variety of genres . the service is a radio style app aimed at passive listeners without the option to listen to specific tracks on demand . the listeners can customize station to specific genres by applying up to three different filters from a list of options . 8 9 the number of vibes channels is expected to grow to 3 000 by the end of 2016 . 9 between 2008 and 2015 stingray s annual revenue grew from 7.1 million to 71 million cad . 1 by 2011 stingray had amassed the world s largest catalogue of licensed karaoke songs for the internet . 10 as of october 2015 stingray reaches an estimated 135 million pay television subscribers in 127 countries 11 and provides music playlists for 74 000 stores in canada including chain stores reitmans and subway . 12 properties edit stingray properties include stingray music a broad list of channels available on cable television as well as through a mobile app and web player ; stingray karaoke a licensed karaoke supplier and an interactive television and internet service ; stingray business a provider of in store music licensed for commercial use audio visual systems and tv screens ; stingray concerts an on demand service broadcasting live music performances ; stingray music videos an on demand music video service ; stingray ambiance a television channel showing relaxing scenery accompanied by soothing music ; and stingray lite tv a european pop music video channel . 13 acquisitions and partnerships edit from its founding in 2007 through 2015 stingray digital acquired 18 companies at a total cost of 150 million . 9 14 its first purchases was soundchoice followed by galaxie from the canadian broadcasting corporation . 14 in 2009 stingray announced it would be acquiring the majority of assets in max trax from corus entertainment . 15 in august 2010 the company purchased concert tv a us video on demand service carrying recorded musical performances . 7 in april 2011 stingray announced that it was purchasing london based music streaming company music choice international helping stingray expand into europe and africa . 10 in may 2013 stingray purchased the canadian accounts of emedia network . 16 in 2014 stingray acquired lite tv from the archibald media group 17 and purchased mood media s residential digital music service in latin america for 16 million . 2 in february 2015 stingray acquired in store commercial display company groupe viva . 18 in july 2015 stingray announced it would pay 8 million for netherlands based brava group operator of thematic television music channels brava nl brava hd and djazz.tv with 35 million subscribers in 50 countries in europe the middle east and the caribbean with plans to bring the channels to the us canada and latin america . 5 19 in 2009 stingray signed an agreement with google to become a content partner by launching thekaraokechannel youtube channel . 10 20 in 2015 stingray invested in app direct which develops online stores for business software applications 21 and made a deal with air canada to be the music provider on its flights . stingray also has hotel chain partners to feed stingray s music into guest rooms . 8 on june 21 2016 stingray announced that it would acquire the muchmusic spin off channels muchvibe muchloud muchretro and juicebox from bell media . 22 milestones edit year event 2007 stingray digital group founded by eric boyko and alexandre taillefer purchases soundchoice which becomes the karaoke channel purchases cable tv music streaming service galaxie from cbc later renamed stingray music 2010 purchases concert tv which is renamed stingray concert 2015 goes public raising 140 million in ipo purchases netherlands based brava group launches music streaming service stingray vibes references edit a b c d damon van der linde stingray digital group inc plans global expansion after 140m ipo financial post june 3 2015 . a b nicolas van praet entrepreneur behind galaxie music is betting on tv s survival financial post january 24 2014 . a b c doug alexander stingray digital raises c 140 million in ipo bloomberg businessweek may 26 2015 . a b stingray digital to raise 140m in ipo cbc news may 27 2015 . a b c damon van der linde stingray digital group inc plays to a bigger crowd with first acquisition since ipo financial post july 24 2015 . a b paul delean stingray digital in a growth groove montreal gazette july 24 2014 . a b grant robertson stingray goes live with deal for concert tv the globe and mail august 4 2010 . a b david friend montreal s stingray digital wades into music streaming waters toronto star july 6 2015 . a b c bertrand marotte stingray ups ante in mobile music sphere with new version of its app the globe and mail july 6 2015 . a b c grant robertson stingray digital to buy london s music choice international the globe and mail april 4 2011 . chris dziadul stingray s brava buys cultuur 7 broadband tv news october 6 2015 . gerrit de vynck stingray says nesting its service in cable tv packages keeps it safe from apple spotify rdio montreal gazette june 16 2015 . robert briel q & a with stingray s eric boyko broadband tv news march 10 2015 . a b stingray digital said to seek about 120m in ipo montreal gazette april 24 2015 . corus enters agreement with stingray digital for pay audio service ; broadcaster magazine ; 2009 02 13 josh o kane in muzak battle stingray snags emedia s canadian accounts the globe and mail may 1 2013 . robert briel stingray digital acquires dutch music channels broadband tv news june 13 2014 . dominique lemoine customer experience stingray acquires viva group direction informatique february 17 2015 . music services company stingray digital perks ears for acquisitions ctv news august 12 2015 . grant robertson singing for profit in the key of google the globe and mail july 14 2009 . yuliya chernova appdirect lands 110 million at more than 1 billion valuation wall street journal october 7 2015 . stingray grows its channel portfolio with the acquisition of four 4 bell media music video channels stingray press release 2016 06 21 external links edit official website stingray music website stingray business website retrieved from https en.wikipedia.org w index.php title stingray digital & oldid 740921359 categories stingray digitalcanadian companies established in 2007television broadcasting companies of canadacompanies based in montrealmedia companies established in 20072007 establishments in quebeccompanies listed on the toronto stock exchange navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 24 september 2016 at 05 31 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view