Corus sells Max Trax service to Stingray

TORONTO – Corus Entertainment is selling its pay audio service Max Trax to Stingray Digital Group Inc. for approximately $16 million dollars.“To ensure our focus remains on driving our core business, we have made the strategic decision to discontinue the operation of Max Trax,” said Paul Robertson, president of Corus’ television division, in the press release. “Stingray Digital is a pioneer in the digital music service business and we are confident that they have the expertise to enhance the pay audio offering. We have agreed to provide services to Stingray in the short-term to ensure a smooth transition for listeners.”Stingray...