Stingray expands distribution agreement with Comcast
May 02, 2016
Xfinity On Demand Grows Its Music Catalog with New Content from Stingray
Montreal, May 2, 2016 – Stingray Digital Group Inc. (TSX: RAY. A; RAY. B.), a leading business-to-business multiplatform music solutions provider, announced the expansion of their distribution deal with Comcast to bring thousands of new music selections to Xfinity On Demand platforms.
“We are extremely pleased to be expanding our relationship with Comcast, a key client and longstanding partner from our earliest days,” said Eric Boyko, President, Co-founder and CEO of Stingray. “Our continued global success is partially due to leveraging the trust clients have placed in us and providing them with the highest level of service. This agreement with Comcast is an important showcase for the quality and diversity of Stingray’s product portfolio.”
Xfinity TV customers will soon be able to access thousands of music videos from Stingray across devices on Xfinity On Demand. Under the terms of the agreement, Stingray’s other music services such as Stingray Ambiance, Stingray Brava, and Stingray DJazz are available to Comcast to offer on the platform in the future. In addition, Comcast has extended its existing deal with Stingray to continue offering the KARAOKE Channel’s extensive song library and Stingray Concerts’ catalog of exhilarating live shows on Xfinity On Demand.
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 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 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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