MONTREAL – Stingray Digital Group has acquired C Music Entertainment Ltd. (C Music TV), a London-based satellite and cable television channel dedicated to classical, crossover, and cinematic music videos.
Launched in 2007, C Music TV makes classical and cinematic music accessible to a wide audience by replacing the traditional long-form format with short form music videos, many exclusive to the channel, reads the news release. It is distributed in 105 countries in Europe, Asia, Africa, Latin America, and the Middle East.
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. Stingray said Friday that the deal complements its existing classical and music video offerings.
“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”, said Stingray president, co-founder and CEO Eric Boyko, in the release. “The worldwide growth in demand for quality pay TV content, such as produced by the C Music TV team, ensures our long-term profitability."
