- Stingray (RAY.B) acquires health, relaxation and wellness streaming app Calm Radio
- Every relaxation channel is specifically curated around the three principal activities in listeners’ lives: work, study, and sleep
- Stingray adds 1,500 relaxing channels to its portfolio and grows its streaming subscriber base
- Stingray will wholly own and operate Calm Radio, under the continued leadership and direction of the Calm Radio’s current leadership team
- Stingray Group Inc. (RAY.B) is up 0.99 per cent and is trading at C$8.19 at 1:22 pm ET
Stingray Group Inc. (RAY.B) has acquired Calm Radio, the world’s largest online music streaming service focused on the wellness and relaxation markets.
With this acquisition, Stingray grows its portfolio of curated music content, significantly increases its subscriber base and dives into the health and wellness industry.
Founded in 2009, Calm Radio delivers 500 free channels of relaxation, acoustic, classical, jazz, ambient and contemporary music and over 1,000 premium channels of calming sounds, sleep music, sleep sounds, sleep stories, guided meditations, and meditation music to wind-down.
Each scenic video benefits from the musical and audio expertise of an individual programmer.
Every relaxation channel is specifically curated around the three principal activities in listeners’ lives: work, study, and sleep.
Calm Radio complements Stingray’s existing services, Stingray Music and Stingray Naturescape, thus opening the door to powerful content synergy opportunities and growth for the product line.
“We are delighted to welcome Calm Radio to the Stingray family and expect this strategic acquisition to deepen our presence worldwide with its premium life-enhancing and relaxing music offering,” said Eric Boyko, President, Co-founder, and CEO of Stingray.
“As the undisputed world-leading provider of music programming, Stingray can seamlessly integrate Calm Radio into our existing platforms, enabling us to distribute the content further and expand our reach globally.”
“In Stingray, we have found a partner with global reach who shares our unique vision and drive to expand the reach of wellness and relaxation music programming, making the benefits of Calm Radio accessible to the broadest and most diverse audience possible,” said Eric Harry, Founder and CEO of Calm Radio.
Stingray will wholly own and operate Calm Radio, under the continued leadership and direction of the Calm Radio’s current leadership team.
Montreal-based Stingray is a leading global music, media, and technology company with over 1,000 employees worldwide.
Stingray is a premium provider of curated direct-to-consumer and B2B services, including audio television channels, over 100 radio stations, SVOD content, 4K UHD television channels, FAST channels, karaoke products, digital signage, in-store music, and music apps, which have been downloaded over 160 million times.
Stingray Group Inc. (RAY.B) is up 0.99 per cent and is trading at C$8.19 at 1:22 pm ET.
