Stingray Music to play on for at least the next five years

MONTREAL – Stingray Digital Group has received a five year renewal of its broadcasting licence from the CRTC for its national pay audio service Stingray Music.Under the terms of the renewal, Stingray will contribute each year a minimum of 4% of the annual gross revenues earned by its pay audio programming undertaking to eligible third parties associated with Canadian content development allocated as follows:- 25% to FACTOR;- 25% to MUSICACTION,- 5% to Community Radio Fund of Canada and;- 45% to Stingray Music Rising Star to discover, encourage and promote new Canadian artists."We are pleased by with the CRTC's decision to...