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Business News (more headlines) 06-11-2017

Stingray Acquires Yokee Music LTD

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Stingray Digital Group Inc., a leading business-to-business multiplatform music provider, today announced that it has acquired Israel-based Yokee Music LTD, provider of three (3) social music apps regularly ranked in the music category's top 10 in 100 countries: Yokee, Yokee Guitar, and Yokee Piano. Together, the apps have reached over 80 million downloads in four (4) years and count 4 million monthly users, with over 50% year-over-year growth.

With the acquisition of Yokee Music - a leader in the development of immensely popular and successful interactive apps - Stingray will benefit from a proven mobile app development and optimization expertise, grow its portfolio of consumer-facing products, and connect with younger music fans around the globe.

Yokee, Yokee Music's flagship karaoke app, allows users to creatively express themselves and share their love of music with family and friends. Yokee complements Stingray's existing karaoke services, Stingray Karaoke and The KARAOKE Channel, thus opening the door to powerful content synergy opportunities and growth for the karaoke product line.

Under the terms of the agreement, Stingray will fully own and operate Yokee Music with the continued direction of the company's current leadership.

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