MONTREAL – Stingray Digital Group announced Wednesday that it has acquired the Holland-based Festival 4K television channel.
Available to more than 7 million subscribers currently under contract, says the Stingray release, its programming includes hundreds of hours of extraordinary shows and events recorded live. Pay-TV providers carrying Festival 4K include VOO in Belgium, Free in France, and Vodafone in Spain.
Financial terms of the deal were not disclosed.
"Following the introduction of Stingray Ambiance in 4K in September 2015, we are excited to add Festival 4K as a complement to our product offering," said Mathieu Péloquin, senior vice-president, marketing and communications of Stingray. "The demand for expertly curated cultural programming in 4K UHD quality is growing exponentially worldwide. Festival 4K's superior resolution provides viewers with the incredible experience of being front row center at the world's best concerts, festivals, circus shows, and events. "
Launched in April 2015, Festival 4K, one of the first channel in the world to broadcast nonstop in native 4K UHD, programs a range of live performances including festivals, concerts and theatre productions. It was owned by Dutch Media company Brava Media and launched in April 2015.
“The acquisition of Festival 4K demonstrates Stingray's commitment to providing Pay-TV providers and their subscribers with the widest variety of quality music content on all platforms,” reads the release.
Festival 4K features programming with resolution from 2160 pixels to 4320 pixels; 2.0, 5.1 or 10.2 Dolby Digital audio quality; a wide range of live shows such as festivals, concerts, circus shows, operas, musical theatre and more; 24/7 programming without commercials or interruptions.
