Stingray expands in Asia-Pacific region, reaches 100K SVOD subscribers in N.A./Europe

MONTREAL — Multiplatform music and media solutions provider Stingray made a trio of announcements on July 31 that included two acquisitions in the Asia-Pacific region and news that its subscription video on demand (SVOD) services now exceed 100,000 paying subscribers across North America and Europe.The acquisitions of Australia’s SBA Music PTY Ltd. (SBA) and Satellite Music Australia PTY Ltd. (SMA) are aimed at continuing Stingray’s global growth strategy. These agreements follow the December 2015 acquisition of Digital Music Distribution PTY Ltd. (DMD), also of Australia, and the extension of Stingray’s distribution agreement with local pay TV provider Foxtel.SBA is one...