Universal Music Group and Stingray Digital Sign Comprehensive Content Agreement

MONTREAL and NEW YORK, Sept. 24, 2013 /PRNewswire/ -- Universal Music Group and Stingray Digital, a worldwide leading provider of multiplatform music services, have signed a content agreement that will give Stingray Digital access to Universal Music Group's (UMG) library of music and concert videos. This content will appear across the range of Stingray's products on a worldwide basis, on Digital Cable, IPTV, mobile, web and TV-Everywhere platforms.

"We are very pleased to have concluded this agreement with Universal Music Group," stated Eric Boyko, President and CEO of Stingray Digital. "Content of this caliber and from such important artists as those represented by UMG are critical to our various music services. This deal also reflects the importance of our distribution and broadcast channels to UMG's artists," Boyko concluded.

"It's very important to UMG to provide various platforms through which consumers are exposed to music," said Bill Campbell, Senior Vice President, Global Digital Business, UMG. "Stingray's properties are proven avenues of discovery and we're thrilled to partner with a company that has such a wide global reach."

The Universal Music Group's library includes thousands of music videos and concerts from top artists such as Lady Gaga, U2, Robin Thicke, The Black Eyed Peas, Kanye West, Bon Jovi and Jay-Z. Stingray will also be able to offer local content from artists in specific countries across Europe and elsewhere where their services are available. Universal Music Group represents the largest share of the global music market, with label subsidiaries including Island, Decca, Virgin EMI, Capitol, Interscope, and Island Def Jam.

This content will be offered to the 40 million existing and future customers of the Galaxie Music Videos on Demand service and ConcertTV on video on demand in the US, in Canada, and throughout Europe. The agreement includes rights for multiple territories, and is for all platforms including TV and VOD.

About Universal Music Group

Universal Music Group is the global music leader, with wholly owned operations in 60 territories. Its businesses also include Universal Music Publishing Group, one of the industry's premier music publishing operations worldwide.

Universal Music Group's labels include A&M/Octone, Angel, Astralwerks, Blue Note Records, Capitol Christian Music Group, Capitol Records, Capitol Records Nashville, Caroline, Decca, Def Jam Recordings, Deutsche Grammophon, Disa, Emarcy, EMI Records Nashville, Fonovisa, Geffen Records, Harvest, Interscope Records, Island Records, Machete Music, Manhattan, MCA Nashville, Mercury Nashville, Mercury Records, Motown Records, Polydor Records, Republic Records, Universal Music Latino, Verve Music Group, Virgin Records, Virgin EMI Records, as well as a multitude of record labels owned or distributed by its record company subsidiaries around the world. The Universal Music Group owns the most extensive catalogue of music in the industry, which includes the last 100 years of the world's most popular artists and their recordings. UMG's catalogue is marketed through two distinct divisions, Universal Music Enterprises (in the U.S.) and Universal Strategic Marketing (outside the U.S.). Universal Music Group also includes Global Digital Business, its new media and technologies division and Bravado, its merchandising company.

Universal Music Group is a fully owned subsidiary of Vivendi.

About Stingray Digital Group

Stingray Digital is the leading multi-platform music service provider in the world, with more than 75 million subscribers in 71 different countries. Our properties include:

• Galaxie, the leading digital music service on TV in Canada and in the US (www.galaxie.ca);
• The KARAOKE Channel, the world's largest licensed karaoke library and karaoke service on TV and Internet (www.thekaraokechannel.com);
• Music Choice Europe, the leading digital music service on TV in Europe and Africa (www.musicchoiceinternational.com);
• Concert TV, a video-on-demand service distributed to 45 million homes in the US, in Canada and in Europe (www.concerttv.com);
• Stingray360, a leader in sensorial marketing solutions for business (www.stingray360.com);
• Stingray Music, music licensing for film, television, advertising and other (www.stingray-music.com).

Stingray Digital is majority-owned by Telesystem, Novacap and Boyko Investment Corporation. Headquartered in Montreal, Quebec, the company has 200 employees in offices across Canada and additional offices in Los Angeles and London, England. For more information, visit www.stingraydigital.com.

SOURCE Stingray Digital