Stingray launches new office to serve growing demand in the Asia-Pacific region
Singapore, July 7, 2016 – Stingray Digital Group Inc. (TSX: RAY.A; RAY.B.), a leading business-to-business multiplatform music solutions provider, continues to expand its activities in the Asia-Pacific market. Stingray strenghtens its presence in this pivotal region with the opening of a regional headquarter in Singapore. This launch follows the recent acquisitions of iConcerts, a television channel that reaches more than 250 million households, and Digital Music Distribution PTY in Australia.
Stingray’s Singapore office will be headed by Mathieu Sibille who, in addition to his current position as CEO of iConcerts, will also act as managing director for Asia-Pacific. Mathieu Sibille will spearhead local operations, develop the company’s growth through strategic partnerships, and liaise with music industry stakeholders from Tokyo to Sydney.
“I cannot overstate the importance of the Asia-Pacific region to our global development plan,” said Eric Boyko, President, Co-founder and CEO of Stingray. “By 2020, Pay-TV subscriptions in the region will experience double-digit growth, making a permanent Stingray presence essential to propelling our current momentum. I am thrilled to count on the experience and expertise of Mathieu Sibille to expand our client network, and look forward to bringing our portfolio of curated products and services to even more music lovers.”
“We could not have selected a better location than Singapore, a hub of creativy and technology, to grow Stingray’s operations in the region,” said Mathieu Sibille, General Manager, Asia-Pacific for Stingray. “Singapore’s strategic location will allow us to respond in a flexible and reactive way to our current and future clients’ needs. The new Stingray office will serve as a major centre for our clients and will serve a key role in customer support, sales, and development.”
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.