MOOD MEDIA sells DMX to Stingray Digital for $US 16M

STINGRAY DIGITAL acquires DMX MEDIA from MOOD

APR 15, 2014.  Boca Raton, FL. The Mediaplify platform has served to deliver music and video content to several media conglomerates in the United States that include DMX music and MOOD MEDIA. EGLA has served and tested its devices in US and LATAM markets. Our presence has been in cable and telecommunication operators in Brasil (SKY), Mexico), México (CABLEVISION, CABLE MAS, and AXTEL TV), Colombia (UNE) with content from DMX/MOOD MEDIA, also other countries in Latin America, including Honduras (Cable Color). Mediamplify served over 20M subscribers during the acquisition of DMX by STINGRAY DIGITAL in 2014 [1]  MOOD MEDIA in an statement release on June 27, 2014 reads

“Mood Media Corporation (ISIN: CA61534J1057) (TSX: MM) (LSE AIM: MM) (“Mood Media” or the “Company”) today announced an agreement to sell its remaining eight thousand Canadian commercial accounts to its long-term affiliate and operating partner, Stingray Digital (“Stingray”), for US$11.2 million. Stingray and Mood Media will continue to work together to serve the accounts with Mood Media services. The transaction further advances Mood Media’s strategy to simplify its portfolio, aggressively integrate strategic assets, strengthen partnerships and streamline operations, while investing in its core businesses.”[2]

[1] http://www.prnewswire.com/news-releases/stingray-digital-completes-its-second-largest-acquisition-yet-now-reaches-more-than-100-million-paying-subscribers-239635781.html

[2]http://www.moodmedia.com/news-company-single/1024/27/6/2014/Mood-Media-Sells-Canadian-Account-Portfolio-to-Stingray-Digital 

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