MONTREAL, May 3 /CNW Telbec/ - Two young Montrealers, Alexandre Taillefer
and Eric Boyko, well known in the business community, are joining with
Telesystem to create Stingray Digital Group Inc., an international company
dedicated exclusively to digital media.
The company will acquire leaders in well-targeted digital media niches
and will participate in managing their operations. "Given our experience in
digital media, Stingray will do far more than purchase and manage a portfolio.
We will manage the growth of the companies acquired by consolidating their
sector of activity and creating synergies between them," says Eric Boyko.
François-Charles Sirois of Telesystem explains: "The digital media sector
is booming. However, we have realized that several niches, currently
considered marginal, will become important industries in a few years' time.
Stingray has been created to capitalize on several extremely promising
Hours ago, Stingray put its strategy to work by making its first
acquisition: the purchase of a majority of the assets of Soundchoice, the
world leader in the Karaoke sector. The purchased assets will be held by
Stingray Music, Stingray's first subsidiary. With the largest catalogue of
Karaoke songs in the world, a library of more than 16,000 titles, and a
specialized TV channel, The Karaoke Channel, with access to more than 15
million households in the United States, Stingray Music will service Karaoke
fans around the world, on iPod, the Internet, consoles, cell phones and TV.
Referring to this first transaction, Alexandre Taillefer proudly says:
"There's nothing corny about Karaoke! It's been a very popular form of
entertainment for 20 years and it's enjoyed by more than 100 million people in
North America alone. Stingray will work very hard to make the content
accessible to everyone, everywhere at all times."
Well-informed and prudent, the investors are considering several other
acquisitions and believe they will be able to create and support hundreds of
jobs over the next years.
Alexandre Taillefer: A seasoned entrepreneur in the development of
software and digital media and the founder of Nurun, now owned by Quebecor
Media, as well as the founder of Hexacto, a wireless gaming company, now owned
by EA Mobile, he is also Chairman of the Board of l'Opéra de Montréal.
Eric Boyko: Founder and former President of efundraising.com, the largest
on-line fundraiser, and a Director of the Montreal Economic Institute.
Telesystem: A Canadian private capital company, founded in 1984,
dedicated to the creation, acquisition, financing and management of companies
in the information and communication technologies sector around the world.
For further information: Pierre-Yves Beauchemin, (514) 697-8354, Cell:
(514) 591-3885, email@example.com; Source: Stingray Digital Media