Stingray announces the hiring of 400 new employees and the expansion of its headquarters

MONTREAL, QUEBEC – To meet the growing demand for its services worldwide, Stingray (TSX: RAY.A) (TSX: RAY.B) is proud to announce the The expansion of its head office in Montreal and the hiring of 400 new employees over 5 years.

“We recently unveiled an unprecedented year-to-year performance for fiscal 2017. Our revenues exceeded $ 100 million. Recent acquisitions like Yokee and C Music TV, upcoming acquisitions, diversification of our products here and elsewhere in the world, our new service agreements with Amazon and Comcast, and the launch of new streaming video channels, Clear indicators of our ability to grow in the years to come.

We needed an additional 30,000 square feet to accommodate the 400 or so new employees that we need to hire to keep pace with our growth, “said Mr. Eric Boyko, President, Co-Founder and Chief Direction of Stingray.

“I am very pleased that Stingray chose to establish itself ten years ago in Montreal and today to expand its head office in Old Montreal. This announcement is a good example that the economic recovery of the metropolis is real. The 400 jobs created today will improve the quality of life of Montrealers, and I can only welcome it, “said Mr. Denis Coderre, Mayor of Montreal.

“We must salute the success of our technology companies, which, like Stingray, stand out here and elsewhere. The announcement of the expansion of the offices as well as the creation of some 400 jobs demonstrate that our targeted actions in economics and digital are bearing fruit. By continuing to grow in Montreal, the company recognizes not only the city’s potential but also the high quality of local talent, “added Dominique Anglade, Minister of Economy, Science and Innovation, And Minister responsible for the Digital Agenda.

“Because the needs of Canadians are constantly changing, our creative industries need to adapt and innovate. I am pleased that Stingray has risen to this challenge with the creation of 400 new jobs. Changes like these will ensure the prosperity of this key sector and allow economic growth to create a stronger middle class that more people have access to, “said the Honorable Melanie Joly, Minister of Canadian Heritage.

Montreal, a city of dynamism and creativity

Stingray is based in Montreal since its inception ten years ago. Despite its international deployment, the company has continued to develop by leveraging Montreal, Quebec and Canada to become a world leader in multiplatform music services.

“This identity and belonging are an integral part of our corporate culture. Just as the promotion and influence of local artists is part of our DNA, the dynamism, innovation and creativity of the people here are a guarantee of our past, present and future success, “added A�ric Boyko.

Source: Stingray Digital Inc.