Stingray passes subscriber milestone

Business-to-business music provider Stingray’s subscription video-on-demand offerings have surpassed the milestone of 100,000 paying subscribers across North America and Europe.

Stingray’s SVOD offering is available through service providers such as Amazon, Comcast, and Telefónica.The SVOD service allows users to access unlimited, curated music programming for a monthly fee.

Separately, Stingray has acquired Macquarie Media Operations-owned in-store media provider Satellite Music Australia.

Satellite Music Australia provides in-store media for over 2,200 locations and the deal marks the latest extension of Stingray’s move into the Asia Pacific and Australian markets. The company previously acquired SBA Music and Digital Music Distribution as well as striking a distribution agreement with local pay TV provider Foxtel.

“We are delighted to welcome SMA to the Stingray portfolio of in-store media services,” said Eric Boyko, president, co-founder, and CEO of Stingray.

“Over the past few years, we have worked diligently to grow and solidify our Australian presence. This latest investment demonstrates our confidence in our future in the region. The SMA team has grown a fantastic business and I believe that together we can achieve great success and provide local clients with superior service.”