Stingray Digital buys Music Choice Europe

CANNES, FRANCE – Montreal-based music and broadcasting company Stingray Digital is buying Music Choice Europe Ltd. from a European private investment group, the company confirmed Monday. Financial terms of the deal were not disclosed.Based in London, England, Music Choice Europe offers 70 different commercial-free music channels to subscribers through television service operators in 17 countries across Europe and Africa. Stingray Digital already owns and operates the Galaxie Music service, which is available in Canada, the U.S. and the Caribbean, and is a major player in the distribution of instrumental versions of songs on TV and on-line for karaoke.“This acquisition is a...