Stingray announced today that it is expanding its Montreal head office and hiring 400 new employees over the next five years.
Based in Montreal since it was founded 10 years ago, Stingray is active internationally and has always based its development on the vitality of Montreal and Canada to become a global leader in multi-platform music services.
“We recently announced unprecedented annual results for fiscal 2017. Our revenues have surpassed the $100 million mark. Recent acquisitions such as Yokee and C Music TV, forthcoming acquisitions, the diversification of our products here and elsewhere in the world, new service agreements with Amazon and Comcast, and the launch of new continuous music video channels are all clear indicators of our capacity to grow in the years ahead,” said Eric Boyko, President, Co-founder, and CEO of Stingray.
Boyko added, “We needed an additional 30,000 square feet to accommodate the 400 or so new employees we will need to hire to keep pace with our growth.”
“I am very pleased that Stingray decided to set up operations here 10 years ago and is today expanding its head office in Old Montreal. This announcement is a fine example of the very real economic recovery in our city. The 400 jobs created today will improve the quality of life for Montrealers, and I couldn’t be happier,” said Denis Coderre, Mayor of Montreal.
“This sense of identity and belonging is an integral part of our corporate culture. The promotion and advancement of local artists are part of our DNA, and the energetic, innovative and creative people here have ensured our success-past, present, and future,” added Mr. Boyko.