Stingray Acquires Qello Concerts
Source: Stingray Group Inc. January 03, 2018 07:00 ET Stingray Acquires Qello Concerts - Stingray, now the leading distributor of Subscription Video On Demand (SVOD) concerts in the world - Stingray adds 2,000 concerts and music documentaries to its library and grows its SVOD subscriber base by more than 70,000 MONTREAL, QUEBEC--(Marketwired - Jan. 3, 2018) - Stingray (TSX:RAY.A)(TSX:RAY.B) today announced that it has acquired the assets of New-York based Qello Concerts, the world's leading over-the-top (OTT) streaming service for full-length, on-demand concerts and music documentaries - reaching users in more than 160 countries. Qello Concerts, which has been described by Forbes as "the Netflix of Concert Films and Documentaries"* is available on Amazon Channels, Apple TV, Roku, Google TV, Samsung Smart TV, on mobile devices, on the web at QelloConcerts.com, and more. * Hugh McIntyre, "This Company Is The Netflix Of Concert Films And Documentaries", Forbes, August 2nd, 2017 Through Qello Concerts, Stingray will benefit from deep operational expertise and instantly elevate its status as a global leader in the fast-growing OTT business-to-consumer (B2C) category. Stingray is uniquely positioned to accelerate the growth of Qello Concerts by leveraging their respective global distribution agreements with major cable/satellite operators and telecommunication companies. This transaction marks Stingray's fifth acquisition of fiscal 2018, preceded by Yokee Music Ltd. (May 2017), C Music Entertainment Ltd. (May 2017), SBA Music PTY Ltd. (July
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