Stingray Group has agreed to acquire TuneIn in a deal valued at up to US$175 million (€151m).
The Canadian company will pay an initial $150 million and up to $25 million in 12 months time.
Stingray runs a network of global music, digital, and advertising services including audio and video channels, 97 radio stations, subscription video-on-demand content, FAST channels, karaoke products and music apps, and in-car and on-board infotainment content.
It is connected-device and in-car reach that will particularly benefit from the sale.
TuneIn reports 75 million monthly active listeners across 200+ platforms in 100+ countries.
TuneIn has been through a period of retrenchment, including a step back from podcasting, several rounds of staff reductions and ongoing rights and licensing challenges in key markets, after a long fundraising history that saw the company raise roughly US$100 million and be valued at around US$500 million in 2017.
The BBC withdrew its live UK radio streams from TuneIn in September 2019 as it shifted listening to BBC Sounds and tightened data-sharing requirements; BBC podcasts remained available on the platform. Elsewhere, Radio France removed its live streams from TuneIn in 2024 in favour of first-party apps and direct integrations.
In the UK, following copyright rulings, TuneIn also restricted access from September 2020 to many overseas stations for UK users, periodically removing additional services as music-licensing reconciliations continued.
