TORONTO, Ontario, June 27, 2014 – 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.
EGLA CORP was instrumental in this transaction DMX/MOOD MEDIA assets to STINGRAY Digital in July 2014, when MEDIAMPLIFY was being used as a content distribution platform for MOOD to all their 20M customer in the $16M deal with STINGRAY.
Mediamplify and Mediamplify Music have been successfully deployed in multiple production environments. The platform and music service has been tested with Ericsson, Cisco, Arris, and other DVB infrastructures.
Our deployments include Cable and Telco operators in the US and Latin America. A few examples of our customers include Cable TV systems:
EGLAs MEDIAMPLIFY and Our Music platform also has been behind SKY TUNES Mobile App an application made for all SKY BRASIL customer with over 1M downloads in the iOS and Android stores.
DMX Media (now Stingray Media) has been in use of Mediamplify together with the DMX2Go music service. DMX2GO is available thru the web/mobile/cable. On cable TV, many systems are supported by DMX in South America and The US.
The Mediamplify Platform has been a key enabler for the success of DMX Media and delivering content to millions of subscribers in the southern hemisphere with more than 100+ commercial-free music channels over mobile, satellite, and Cable TV systems all over the US and LATAM.