Stingray opens Singapore office to serve Asia-Pacific region

PRESS RELEASE:

Stingray Digital Group Inc. (TSX: RAY. A; RAY. B.), a leading business-to-business multiplatform music solutions provider, continues to expand its activities in the Asia-Pacific market. Stingray strengthens its presence in this pivotal region with the opening of regional headquarters in Singapore. This launch follows the recent acquisitions of iConcerts, a television channel that reaches more than 250 million households, and Digital Music Distribution PTY in Australia.

Stingray’s Singapore office will be headed by Mathieu Sibille who, in addition to his current position as CEO of iConcerts, will also act as managing director for Asia-Pacific. Mathieu Sibille will spearhead local operations, develop the company’s growth through strategic partnerships, and liaise with music industry stakeholders from Tokyo to Sydney.

“I cannot overstate the importance of the Asia-Pacific region to our global development plan,” said Eric Boyko, President, Co-founder and CEO of Stingray. “By 2020, Pay-TV subscriptions in the region will experience double-digit growth, making a permanent Stingray presence essential to propelling our current momentum. I am thrilled to count on the experience and expertise of Mathieu Sibille to expand our client network, and look forward to bringing our portfolio of curated products and services to even more music lovers.”

“We could not have selected a better location than Singapore, a hub of creativity and technology, to grow Stingray’s operations in the region,” said Mathieu Sibille, General Manager, Asia-Pacific for Stingray. “Singapore’s strategic location will allow us to respond in a flexible and reactive way to our current and future clients’ needs. The new Stingray office will serve as a major centre for our clients and will serve a key role in customer support, sales, and development.”