Montreal’s Stingray Digital Group Acquires Australian Digital Media Company
Montreal-headquartered Stingray Digital Group Inc. has concluded the acquisition of Satellite Music Australia Pty. Ltd. (SMA), a subsidiary of Macquarie Media Operations Pty. Ltd. and an Australian provider of in-store media solutions servicing more than 2,200 locations. Under the terms of the agreement, Stingray will fully own and operate SMA under the continued direction of the current leadership. SMA is a business-to-business content provider of audio and visual solutions. Stingray is a business-to-business multiplatform music and in-store media solutions provider, reaching an estimated 400 million pay-TV subscribers in 156 countries. Stingray has close to 350 employees worldwide, including in the United States, the United Kingdom, the Netherlands, France, Israel, Australia, South Korea, and Singapore.