Stingray Digital to acquire CHUM Satellite Services from CTVglobemedia

MONTREAL – Interactive global music distributor Stingray Digital has inked a deal to acquire CHUM Satellite Services Ltd. for an undisclosed amount from owner CTVglobemedia, it was announced Wednesday. CHUM Satellite Services will operate as a wholly owned subsidiary of Montreal-based Stingray Digital. “This acquisition is well aligned with Stingray’s strategic growth plans,” said Stingray Digital CEO Alexandre Taillefer in a statement. “We are already well established in the delivery of innovative digital media services with our Galaxy and MaxTrax digital music services and The Karaoke Channel, available internationally on multiple platforms.”He added that acquisition of CHUM Satellite Services will make Stingray...