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Stingray Group
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Stingray Group
Stingray Group Inc. (formerly Stingray Digital and Stingray Digital Group) is a Canadian music, media and technology company based in Montreal, Quebec, with offices in Toronto, Ontario, as well as in the United States, Mexico, the United Kingdom, the Netherlands, Germany and Australia. The company was established in 2007 by Eric Boyko and owned by Boyko Investements Corporation.
Stingray provides retail and consumer services, including audio and video channels, digital signage, subscription content, karaoke products, and in-car and on-board infotainment content.
Stingray Radio operates over 100 radio stations across Canada. It is Canada's first-largest owner of radio stations
Stingray was founded in May 2007 by Eric Boyko and Alexandre Taillefer, in partnership with Telesystem, following the purchase of karaoke company Soundchoice for $6 million. This gave them a catalogue of karaoke songs and a karaoke channel, allowing them to create The Karaoke Channel (now known as Stingray Karaoke). Later that year, the company acquired cable TV commercial-free music service Galaxie from the Canadian Broadcasting Corporation for $65 million, renaming it Stingray Music. Taillefer exited the company in 2010. In 2011, Stingray acquired Music Choice Europe.
In May 2015, Stingray raised $140 million in its initial public offering. The sale gave the firm a market value of $296 million. It began trading on the Toronto Stock Exchange on June 3, 2015, under the ticker RAY.A. Novacap sold most of its stake in the company after the IPO.
On May 2, 2018, Stingray announced its intent to acquire Newcap Radio for $506 million, marking the company's expansion into terrestrial radio broadcasting in Canada. The sale was completed on October 26, 2018, with the family of company founder Harold R. Steele becoming Stingray's largest third-party shareholder. In December 2018, the company changed its name to Stingray Group.
Although its services face competition from consumer-targeted streaming offerings such as Apple Music and Spotify, the company had continued to emphasize its use of manually-curated playlists for its services (as opposed to algorithmic recommendations), and its focus on international expansion into territories where pay television is experiencing growth, and promoting complementary services such as mobile apps.
In January 2022, Stingray acquired InStore Audio Network, rebranding the company as Stingray Advertising the following year. In November 2025, Stingray announced that it would acquire the internet radio service TuneIn for US$175 million.
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Stingray Group
Stingray Group Inc. (formerly Stingray Digital and Stingray Digital Group) is a Canadian music, media and technology company based in Montreal, Quebec, with offices in Toronto, Ontario, as well as in the United States, Mexico, the United Kingdom, the Netherlands, Germany and Australia. The company was established in 2007 by Eric Boyko and owned by Boyko Investements Corporation.
Stingray provides retail and consumer services, including audio and video channels, digital signage, subscription content, karaoke products, and in-car and on-board infotainment content.
Stingray Radio operates over 100 radio stations across Canada. It is Canada's first-largest owner of radio stations
Stingray was founded in May 2007 by Eric Boyko and Alexandre Taillefer, in partnership with Telesystem, following the purchase of karaoke company Soundchoice for $6 million. This gave them a catalogue of karaoke songs and a karaoke channel, allowing them to create The Karaoke Channel (now known as Stingray Karaoke). Later that year, the company acquired cable TV commercial-free music service Galaxie from the Canadian Broadcasting Corporation for $65 million, renaming it Stingray Music. Taillefer exited the company in 2010. In 2011, Stingray acquired Music Choice Europe.
In May 2015, Stingray raised $140 million in its initial public offering. The sale gave the firm a market value of $296 million. It began trading on the Toronto Stock Exchange on June 3, 2015, under the ticker RAY.A. Novacap sold most of its stake in the company after the IPO.
On May 2, 2018, Stingray announced its intent to acquire Newcap Radio for $506 million, marking the company's expansion into terrestrial radio broadcasting in Canada. The sale was completed on October 26, 2018, with the family of company founder Harold R. Steele becoming Stingray's largest third-party shareholder. In December 2018, the company changed its name to Stingray Group.
Although its services face competition from consumer-targeted streaming offerings such as Apple Music and Spotify, the company had continued to emphasize its use of manually-curated playlists for its services (as opposed to algorithmic recommendations), and its focus on international expansion into territories where pay television is experiencing growth, and promoting complementary services such as mobile apps.
In January 2022, Stingray acquired InStore Audio Network, rebranding the company as Stingray Advertising the following year. In November 2025, Stingray announced that it would acquire the internet radio service TuneIn for US$175 million.