As they look to expand their expand their existing business in Latin America, Stingray Digital has acquire all of the assets from Mood Media Latin America’s residential digital music service.
“As part of our ambitious global expansion plan, we are continuously seeking strategic acquisitions that fit with the Stingray Digital model and allow us to further consolidate the distribution of our content through our various music properties,” stated Eric Boyko, President and CEO of Stingray Digital. “This acquisition extends the Stingray Digital global reach and strengthens the company’s leadership role in the industry.”
Mood Media Latin America’s residential business which is otherwise known as DMX Media offers a full suite of music channels tailored to local tastes through Pay TV service providers in Mexico, the Caribbean, and in Central and South America. DMX Media’s services will continue to be offered to existing customers for the short term while the integration of the company and its management structure begins immediately. Existing clients will also be able to access select content through various platforms offered by Stingray Digital.
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