MONTREAL, August 4th, 2010 – Stingray Digital, an innovative Montreal-based media and technology company, announced today that it has acquired substantially all of the assets related to CONCERT TV from Interactivation of New York. With this acquisition, Stingray further enhances its offering of music-related services that already includes; Galaxie, a 45 linear channel digital music network, The KARAOKE Channel, available in 80 million homes, and Galaxie Music Videos on Demand.
CONCERT TV is a video on demand television service delivering recordings of live music performances and music related video programming. The content includes captivating live concert footage of current and classic musical artists of many genres. It is currently distributed throughout the US in nearly 30 million homes via leading Digital TV operators including Comcast, Charter, Cox, Verizon, DirectTV and many others.
“Our team has continued to strengthen CONCERT TV with added distribution and fine programming,” said Joe Covey, Interactivation’s CEO. “As our focus moving forward is exclusively on health, education and interactive programming, we wish Stingray well with this terrific asset.”
“CONCERT TV is a natural fit for Stingray Digital” says Eric Boyko, President of Stingray Digital. “Since its inception in 2003, CONCERT TV has grown to be recognized as an important brand that delivers compelling music content through video on demand services of Digital Television Providers. The service is a perfect complement to our widely distributed VOD service The KARAOKE Channel and Galaxie Music Videos on Demand, and is an ideal complement to Galaxie, our linear music service” he added.
Stingray Digital plans on continuing the distribution of CONCERT TV on VOD in the US, and will offer the service to its cable, satellite and IPTV distributors in Canada.
Interactivation is a New York City-based media company that delivers highly interactive and personalized content to consumers via TV, mobile devices and the Internet. Interactivation owns the Mag Rack video-on-demand television network, which is available in over 30 million US homes, and The Patient Channel and The Newborn Channel, which are available in more than 2,700 hospitals. For more information, go to www.interactivation.com.
ABOUT STINGRAY DIGITAL GROUP
Stingray Digital is a leader in interactive music distribution. Our properties include The KARAOKE Channel, the world’s largest licensed karaoke library and karaoke service on TV and Internet, Galaxie, the leading digital music service on TV in Canada and in the US, Stingray360, a leader in sensorial marketing solutions for business and its music licensing unit, Stingray Music. Stingray Digital was founded by seasoned new media entrepreneurs, Eric Boyko and Alexandre Taillefer, and is financially backed by Telesystem and Novacap. Headquartered in Montreal, Stingray Digital has 135 employees in offices across Canada and additional offices in Charlotte, North Carolina and Budapest. For more information, visit www.stingraydigital.com.