Montreal-based company, active in 113 countries, acquires residential
business assets from Mood Media Latin America

MONTREAL, Jan. 10, 2014 /PRNewswire/ – Stingray Digital, the worldwide
leading provider of multiplatform music services for multi-channel
television service suppliers announced today it has entered into an
agreement to acquire all of the assets from Mood Media Latin America’s
residential digital music service. This transaction reinforces Stingray
Digital’s position as the leading supplier of digital music services to
Pay TV operators, now reaching more than 100 million subscribers in 113
countries worldwide.

Based in Miami, Florida, Mood Media Latin America’s residential business
– known as DMX Media – offers a full suite of music channels tailored
to local tastes through Pay TV service providers in Mexico, the
Caribbean, and in Central and South America. DMX Media’s services will
continue to be offered to existing customers for the short term while
the integration of the company and its management structure begins
immediately. Also, the clients will benefit from this new acquisition
as they will be able to access select content through various platforms
offered by Stingray Digital.

“As part of our ambitious global expansion plan, we are continuously
seeking strategic acquisitions that fit with the Stingray Digital model
and allow us to further consolidate the distribution of our content
through our various music properties,” stated Eric Boyko, President and
CEO of Stingray Digital. “This acquisition extends the Stingray Digital
global reach and strengthens the company’s leadership role in the
industry.”

“DMX Media Latin America is an ideal fit for us, since there are
numerous opportunities for synergy between our respective platforms and
services. Together with our existing Latin America business, this
acquisition will allow us to expand and further strengthen our presence
in one of the fastest growing TV cable and broadband services markets
in the world,” concluded Mr. Boyko.

About Stingray Digital Group

Stingray Digital is the leading multi-platform music service provider in
the world, with more than 100 million subscribers in 113 countries
around the world. Geared towards individuals and businesses alike, the
company’s commercial entities include leading digital music and video
services Galaxie, Music Choice International, Concert TV and The KARAOKE Channel. The company also offers various business solutions, including sensory
marketing solutions via its Stingray360 division and music licensing services through Stingray Music.

Majority-owned by Telesystem, Novacap and Boyko Investment Corporation,
Stingray Digital is headquartered in Montreal and has over 200
employees in offices across Canada, as well as additional offices in
Los Angeles, Miami, London and Tel Aviv. The company stood out in 2013
by ranking 15th on Deloitte’s Technology Fast 50^MC list, and figuring amongst PROFIT magazine’s fastest growing Canadian
companies. For more information, please visit www.stingraydigital.com.

SOURCE Stingray Digital