Karaoke By Yokee

[Jessia Adachi]

Withover $370 million in annual karaoke revenue in the United States alone, the market is a hot one to crack, but the abundance of options will require Yokee to disrupt existing technology to remain on top. Viral karaoke videos are one way to do this, another is through their Piano app, allowing users to play along with an accompanied singer. Whatever the approach may be, with 50 million downloads and counting, Yokee may well be on its way to becoming the king of smartphone karaoke.

About Stingray

Montreal-based Stingray (TSX: RAY.A; RAY.B) is a leading global music, media, and technology company with over 1,000 employees worldwide. Stingray is a premium provider of curated direct-to-consumer and B2B services, including audio television channels, over 100 radio stations, SVOD content, 4K UHD television channels, FAST channels, karaoke products, digital signage, in-store music, and music apps, which have been downloaded over 160 million times. Stingray reaches 400 million subscribers (or users) in 160 countries. For more information: www.stingray.com

2014-2024 Stingray Digital Media Group. All rights reserved. STINGRAY, ALL GOOD VIBESTM and other related marks and logos are trademarks of Stingray Digital Media Group in Canada, the United States of America and/or other territories. Privacy PolicyTerms and Conditions

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.

"Stingray and Yokee Music have been long-time friends and partners with a shared passion for connecting people through music," said Eric Boyko, President, Co-founder and CEO of Stingray. "I could not be more pleased to officially welcome the Yokee Music team to the Stingray family. This acquisition is highly complementary to our business and significantly expands our reach in the B2C mobile app market."

"Yokee Music has been a labour of love in which we poured all our expertise, passion, and energy over the past years," said Ariel Yaloz, Co-founder of Yokee Music. "Joining forces with Stingray is a natural extension of the growth strategy we have been pursuing since our launch and will provide us with exciting opportunities as part of a larger, more diversified company. Working together, I am confident that will foster even greater success and innovation in the mobile app market."

Stingray (TSX:RAY.A)(TSX:RAY.B) is a leading business-to-business multi-platform music and in-store media solutions provider operating on a global scale, reaching an estimated 400 million Pay-TV subscribers (or households) in 156 countries. Geared towards individuals and businesses alike, Stingray's products include the following leading digital music and video services: Stingray Music, Stingray Concerts, Stingray iConcerts, Stingray Brava, Stingray DJAZZ, Stingray Music Videos, Stingray Lite TV, Stingray Ambiance, Stingray Karaoke, Festival 4K, and Classica. Stingray also offers various business solutions, including music and digital display-based solutions, through its Stingray Business division. Stingray is headquartered in Montreal and currently has more than 350 employees worldwide, including in the United States, the United Kingdom, the Netherlands, Israel, Australia, South Korea, and Singapore. Stingray was recognized in 2013 and 2014 as a finalist in the Top 50 of Deloitte's Technology Fast 50TM list, and figures amongst PROFIT magazine's fastest-growing Canadian companies. In 2016, Stingray was awarded best IR for an IPO at the IR Magazine Awards - Canada. For more information, please visit www.stingray.com

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Such forward-looking information includes information with respect to Stingray's goals, beliefs, plans, expectations, anticipations, estimates and intentions. Forward-looking information is identified by the use of terms and phrases such as "may", "would", "should", "could", "expect", "intend", "estimate", "anticipate", "plan", "foresee", "believe", and "continue", or the negative of these terms and similar terminology, including references to assumptions. Please note, however, that not all forward-looking information contains these terms and phrases. Forward-looking information is based upon a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond Stingray's control. These risks and uncertainties could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These risks and uncertainties include, but are not limited to, the risk factors identified in Stingray's Annual Information Form (AIF) dated June 16, 2016, which is available on SEDAR at www.sedar.com. Consequently, all of the forward-looking information contained herein is qualified by the foregoing cautionary statements, and there can be no guarantee that the results or developments that Stingray anticipates will be realized or, even if substantially realized, that they will have the expected consequences or effects on Stingray's business, financial condition or results of operation. Unless otherwise noted or the context otherwise indicates, the forward-looking information contained herein is provided as of the date hereof, and Stingray does not undertake to update or amend such forward-looking information whether as a result of new information, future events or otherwise, except as may be required by applicable law.

Ready to unleash your inner superstar? These karaoke music hits will take your performance platinum. Our catalog features over 100,000 tracks and themed party mixes in over 25 languages that users can enjoy solo, with friends, or even in the car! Choose from the apps below and sing karaoke today.

Stingray Karaoke includes thousands of licensed karaoke songs, with new releases every Friday and expertly curated mixes for every occasion. Complete with high-quality videos, scrolling lyrics, optional lead vocals, and more!

Yes! Designed for multiplatform use, you can transform any space into a lively karaoke stage while you sing karaoke. Try a thrilling ride from the back seat with Tesla Karaoke, one of our in-vehicle entertainment systems.

Our extensive Stingray Karaoke store features over 100 thousand licensed karaoke songs, including the latest hits of karaoke today. With fresh releases updated every Friday and expertly curated party mixes cater to every occasion, get ready to be the life of the party!

Our Stingray Karaoke Download Store is the perfect karaoke site to find and download your favorite karaoke songs. Select from thousands of chart-topping tracks and themed party mixes. If you have any questions about our karaoke store, the Stingray support team is always available.

2024 Stingray Group Inc. All rights reserved. STINGRAY, ALL GOOD VIBES and other related marks and logos are trademarks of Stingray Group Inc. in Canada, the United States of America and/or other territories. All offerings by Stingray Group Inc. are protected by the Stingray company Terms and Conditions.

Stingray was founded in May 2007 by Eric Boyko and Alexandre Taillefer, in partnership with Telesystem, following the purchase of karaoke company Soundchoice for $6 million. This gave them a catalogue of karaoke songs and a karaoke channel, allowing them to create The Karaoke Channel (now known as Stingray Karaoke).[2][4] Later that year, the company acquired cable TV commercial-free music service Galaxie from the Canadian Broadcasting Corporation for $65 million, renaming it Stingray Music.[5][6] Taillefer exited the company in 2010.[5] In 2011, Stingray acquired Music Choice Europe.[7]

In May 2015, Stingray raised $140 million in its initial public offering. The sale gave the firm a market value of $296 million.[2] It began trading on the Toronto Stock Exchange on June 3, 2015, under the ticker RAY. Novacap sold most of its stake in the company after the IPO.[4]

On May 2, 2018, Stingray announced its intent to acquire Newcap Radio for $506 million, marking the company's expansion into terrestrial radio broadcasting in Canada.[8] The sale was completed on October 26, 2018, with the family of company founder Harold R. Steele becoming Stingray's largest third-party shareholder.[9] In December 2018, the company changed its name to Stingray Group.[10]

Although its services face competition from consumer-targeted streaming offerings such as Apple Music and Spotify, the company had continued to emphasize its use of manually-curated playlists for its services (as opposed to algorithmic recommendations), and its focus on international expansion into territories where pay television is experiencing growth, and promoting complementary services such as mobile apps.[11]

Music Choice, which launched in 1991, is owned by Microsoft, Arris, Sony Corp. of America, EMI Music Publishing, Time Warner, Comcast, Cox Communications and Charter Communications. Music Choice is in 72 million American households.[14] The company filed the lawsuit against Stingray Digital in the U.S. District Court for the Eastern District of Texas in June 2016 over patent infringement. The patents in dispute are U.S. Patent Nos. 8,769,602, 9,357,245, 7,320,025 and 9,351,045 pertaining to the on screen formatting of Stingray Digital's channels.[15] Stingray countersued Music Choice on August 29, 2016, calling it a "smear campaign".[16]

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