"This is a historic first deal for Stingray for distribution of our music services in Russia,“ said Eric Boyko, President and CEO of Stingray Digital. “We had identified Russia as a key growth market for our services, and Rostelecom is an ideal partner for us to make this first important step,” Mr. Boyko added.
Rostelecom is one of the largest national telecommunications operators in Russia and Europe, covering more than 34 million households and with more than 2 million IPTV subscribers.
Concert TV has live music for lovers of any type of music. Fans from every generation and of every musical genre will be able to choose from a wide selection of concerts for rent on VOD. Bands appearing on Concert TV include: Bon Jovi, Rhianna, Lady Gaga, Coldplay, Led Zeppelin, Deep Purple, The Who, Rolling Stones and more. The concerts will be refreshed monthly so there are always be new artists to discover.
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 50MC list, and figuring amongst PROFIT magazine's fastest growing Canadian companies. For more information, please visit www.stingraydigital.com.
For more information, please contact:
Senior Vice-President, Marketing and Communications
T: +1 514-664-1244, ext 2362