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or Name
USA
CA



BCE Inc (2)
Symbol BCE
Shares Issued 868,912,878
Close 2016-06-21 C$ 59.74
Market Cap C$ 51,908,855,332
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Globe says Stingray to buy four channels from Bell

2016-06-22 07:46 ET - In the News

See In the News (C-RAY) Stingray Digital Group Inc

The Globe and Mail reports in its Wednesday edition that Stingray Digital Group is buying four specialty music television channels from Bell Media. The Globe's James Bradshaw writes that the deal will see Stingray acquire niche offerings in MuchLoud, MuchRetro and MuchVibe, as well as Juicebox, a music video channel aimed at kids. Bell will keep ownership of the flagship Much network and its sister channel, M3. Financial terms were not disclosed. The Much brand's fortunes have declined as viewing of music videos moved on-line. Stingray, which used the former Galaxie music service as a platform to become a leading provider of packaged music channels, plans to rebrand and reprogram its new acquisitions with a view to exporting them south of the border. "The major advantage is for us to export these channels with Comcast on the X1 platform," said Eric Boyko, Stingray's chief executive officer. Last month, Stingray expanded a distribution agreement with Comcast. Starting in September of 2018, Canada's telcos -- those with both media and distribution arms -- will have to offer one independent channel for each of their own channels. The sale of the four channels to Stingray reclassifies them as independent.

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