Stingray to acquire classical music channel from Unitel
Stingray Digital Group Inc (TSX: RAY.A-B) has agreed to acquire Classica, a pay TV channel for classical music, from Germany's Unitel GmbH & Co. KG. No financial terms were released. Stingray, a multi-platform music and in-store media solutions provider, said the deal will see Unitel continue to produce and deliver the programming for Classica, while giving Stingray access to 1,500 titles and 2,000 hours of content. Montréal-based Stingray raised $180 million in an initial public offering in 2015. It continues be a portfolio company of Canadian private equity firm Novacap and other investors.
4 January 2017•5 mins read
