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Stingray expands Latin America presence

Media | 10/17/2014 4:09 pm EDT

Stingray Digital Group Inc. said Friday it purchased Telefonica SA's pay-TV music service, which operates in six counties in Latin America plus Portugal. Montreal-based Stingray said in a press release it is taking over the Onthespot music service that  operates in Brazil, Chile, Colombia, Peru, Ecuador, Venezuela and Portugal. The service is being rebranded as Stingray Music, it added. Mathieu Peloquin, spokesman for Stingray, said this acquisition brings its subscriber base in Latin America to about 30 million. He said it was at around two million at the start of this year...