B2B music provider Stingray Digital acquires London-based satellite and cable television channel C Music TV
MONTREAL, QUEBEC – May 26, 2017 – Stingray Digital Group Inc., a leading business-to-business multiplatform music provider, today announced that it has acquired C Music Entertainment Ltd. (“C Music TV”), a London-based, multi-award-winning satellite and cable television channel dedicated to classical, crossover, and cinematic music videos. C Music TV is distributed through pay TV, satellite, IPTV and mobile providers in 105 countries.
C Music TV complements Stingray’s existing classical (Stingray Brava, Classica) and music video offering (Stingray Juicebox, Stingray Vibe, Stingray Loud, Stingray Retro, Stingray Lite TV), making Stingray the undisputed leading provider of specialty music television channels for pay TV providers worldwide.
Under the terms of the agreement, Stingray will fully own and operate C Music TV with the continued direction of the company’s current leadership.
C Music TV Highlights
- Launched in 2007
- Distributed in 105 countries in Europe, Asia, Africa, Latin America, and the Middle East
- Short-form content available in SD and HD
- 24/7 commercial-free programming
- Winner of the Best Music Channel Award (Europe, Middle East & Africa) at the 2012 Eutelsat TV Awards
“C Music TV’s programming of beautiful and evocative classical and cinematic music videos is like nothing else on the market today and the perfect addition to our product offering,” said Eric Boyko, President, Co-founder, and CEO of Stingray. “With the acquisition of C Music TV, we are aggressively pursuing our strategy of building a portfolio of exciting specialty television channels that serves the needs and ignites the imagination of our clients and their subscribers. The worldwide growth in demand for quality pay TV content, such as produced by the C Music TV team, ensures our long-term profitability.”
“This deal is excellent news for the classical artists, musicians, and audiences we continue to serve worldwide. Under Eric Boyko and Stingray’s dynamic team, C Music TV can look forward to an exciting future,” added Julian Rigamonti, Founder of C Music TV.
For more information about C Music TV: http://www.cmusic.tv/