MONTREAL – Stingray celebrated 10 years of growth by announcing Friday that it is expanding its Montreal head office and hiring 400 new employees over the next five years.
Stingray president,co-founder, and CEO Eric Boyko (pictured centre, between Montreal mayor Denis Coderre and Canadian Heritage Minister Mélanie Joly), said that the company’s headquarters in Old Montreal requires an additional 30,000 square feet to accommodate the new employees that are needed “to keep pace with our growth".
"We recently announced unprecedented annual results for fiscal 2017”, Boyko said in the news release. “Our revenues have surpassed the $100 million mark. Recent acquisitions such as Yokee and C Music TV, forthcoming acquisitions, the diversification of our products here and elsewhere in the world, new service agreements with Amazon and Comcast, and the launch of new continuous music video channels are all clear indicators of our capacity to grow in the years ahead.”
“As the needs of Canadians continue to change and grow, so too must our creative industries adapt and innovate to meet these needs”, added Minister Joly. “I'm pleased that Stingray has stepped up to the challenge with the creation of 400 new jobs. Changes like these will help ensure that this key sector can continue to stimulate economic growth while strengthening the middle class and those working hard to join it."
