Stingray Group Inc.

Stingray Group Inc. is a prominent Canadian music, media, and technology company headquartered in Montreal, Quebec. Founded in 2007 by Eric Boyko, the company is publicly traded on the Toronto Stock Exchange under the symbols TSX: RAY.A and RAY.B. With approximately 1,000 employees worldwide, Stingray reported revenues of $386.9 million CAD for fiscal year 2025 and an approximate market capitalization ranging from $800 million to $1.1 billion CAD/USD.

Stingray offers a wide array of products and services across business-to-consumer (B2C) and business-to-business (B2B) markets globally. These include curated ad-free music television channels, free ad-supported streaming television (FAST) channels, subscription video-on-demand (SVOD) services, and a comprehensive suite of digital audio services such as internet radio and music apps. The company is also Canada's largest owner of terrestrial radio stations through its Stingray Radio division and provides in-store music, digital signage, and advertising solutions, including North America's largest retail audio advertising network. Key brands and offerings include Stingray Music, Stingray Karaoke, Qello Concerts, and, following its late 2025 acquisition, the live audio streaming platform TuneIn.

Stingray Group Inc. operates as an operating company, actively defending its business against patent assertions and proactively managing intellectual property. The company's single tracked case, Stingray Group Inc. v. Edwin A. Hernandez-Mondragon, shows Stingray as a plaintiff in a Patent Trial and Appeal Board (PTAB) proceeding. This posture indicates Stingray is challenging the validity of patents owned by Hernandez-Mondragon, a common defensive strategy for operating companies facing infringement claims in parallel district court litigation.

The PTAB case is directly related to district court litigation where Edwin A. Hernandez-Mondragon (and other plaintiffs) accused Stingray Digital Group Inc. of patent infringement and trade secret misappropriation. The patent claims in the district court action have been stayed pending the outcome of Stingray's challenges at the PTAB, which target U.S. Patent Nos. 10,123,074, 10,524,002, and 11,140,441. Stingray Group Inc. has previously engaged in patent litigation, including a 2016 dispute with Music Choice in the Eastern District of Texas, where Stingray also counter-sued.