iConcerts acquisition makes Stingray world’s largest broadcaster of televised live music concerts

MONTREAL - Stingray Digital Group is continuing its international buying spree after announcing plans late Thursday to buy Swiss-based iConcerts.Operated by Transmedia Communication SA, iConcerts is a TV channel dedicated solely to live music. It is currently distributed to more than 100 pay-TV and OTT operators in 85 countries, and available to an estimated 250 million households across Europe, Asia, Africa, and the Middle-East.Stingray said the transaction gives it a stronghold in the Asian market, including distribution deals with CCTV in China, KT in Korea and StarHub in Singapore. iConcerts also has an important presence in Europe with providers Swisscom...