Stingray has abandoned plans to acquire the Music Choice premium music channels, the Canadian company has confirmed.
“While we continue to see benefits in a combination of Music Choice with Stingray, we are extremely confident in our strategic direction and are excited by the significant opportunities before us,” said Eric Boyko, President, Co-Founder and CEO of Stingray. “Following Stingray’s recently announced distribution agreement with Altice USA, which will bring 50 Stingray Music audio channels and hundreds of music videos from Stingray’s On-Demand catalogue to Altice USA’s Optimum and Suddenlink subscribers, Stingray has signalled its commitment to winning the US market. We believe Stingray is well-positioned to continue as the supplier of choice in the United States for curated B2B and direct-to-consumer services.”
The company added there would be no further comment.