The company acquires onthespot Pay TV Music’s portfolio of subscribers and continues aggressive expansion in Latin America

Montreal, Quebec, Canada, October 17, 2014 – Stingray, the leading global provider of multiplatform musical services for Pay TV operators, announced today its acquisition of onthespot’s Pay TV music portfolio of clients in Brazil, Chile, Colombia, Peru, Ecuador, Venezuela and Portugal. Telefónica On The Spot Services is a subsidiary 100% owned by Telefonica Group, one of the largest telecommunications companies in the world. This acquisition is a significant step in Stingray’s expansion in Latin America and the beginning of a long-term relationship with important Telefónica Group affiliates in the region.
“We are honored to now supply the residential Pay TV music services for Telefonica and its affiliates that were provided by onthespot. We are seeing tremendous growth in Latin America with close to 30 million subscribers to our music services. We plan to introduce new services in the region including our Stingray Music mobile app in the near future which will bring even greater value to our Latin American audiences,” said Eric Boyko, Stingray’s President and CEO.
“The acquisition of onthespot Pay TV Music services is an important milestone in our Latin America growth strategy.  In addition to strengthening our client portfolio, it solidifies our relationship with Grupo Telefónica and enables us to explore new business opportunities with its affiliates while continuing to expand our presence in some of the world’s fastest growing Pay TV and Broadband markets,” added Gustavo Tonelli, Stingray’s Latin America General Manager.
The agreement is part of the Telefonica On The Spot Services’s strategy on simplifying its portfolio and focusing on its core business – in-store media services and digital marketing – which is experiencing a significant growth in Latam and Europe since the start of its international expansion one year ago.
Under the terms of the agreement, onthespot’s Pay TV music services will be commercialized as Stingray Music. Stingray Music offers to TV operating partners a wide range of musical content on all existing and emerging platforms.  One of many key services is a stronger linear offering featuring music channels, karaoke services and TV Everywhere content that will allow Stingray Music subscribers to enjoy their favorite musical content wherever and whenever they choose, on the device they prefer.
About Stingray
Stingray is the leading multi-platform music service provider in the world, with more than 110 million subscribers in 113 countries around the world. Geared towards individuals and businesses alike, the company’s commercial entities include leading digital music and video services Stingray Music, Stingray Concerts, Stingray Music Videos, and Stingray Karaoke. The company also offers various business solutions, including music or digital display based solutions through its Stingray Business division.
Majority-owned by Telesystem, Novacap and Boyko Investment Corporation, Stingray is headquartered in Montreal and has over 200 employees in offices across Canada, as well as additional offices in Los Angeles, Miami, London, Amsterdam, and Tel Aviv. The company stood out in 2013 by ranking 15th on Deloitte’s Technology Fast 50MC list, and figuring amongst PROFIT magazine’s fastest growing Canadian companies. For more information, please visit www.stingray.com.
For more information and media inquiries, please contact: 
Mathieu Péloquin
Senior Vice President for Marketing and Communications
Stingray
514-664-1244, ext. 2362
[email protected]
Christine Boivin or Yvanca Levy
Cohn & Wolfe
514-845-7035 /514-845-7037
[email protected] / [email protected]
Juan Carlos Gamboa
Managing Director
Development Communications Consultants
+1 (305) 343-5377
[email protected]