The Montreal – based Stingray Digital Group has acquired Israel’s Yokee Music Ltd., a globally popular karaoke and instrumental music app provider, the companies announced on Tuesday.
Yokee Music – headquartered in Yehud in central Israel – is the proprietor of the flagship Yokee karaoke app, Yokee Guitar and Yokee Piano, which together accrued more than 80 million downloads in four years. Regularly landing in the music category’s top 10 in 100 countries, these three social music applications boast four million monthly users and more than 50% year-over-year growth, a joint statement from the companies said.
As a leading business-to-business multi-platform music company, Stingray is aiming to connect with younger music fans around the world by acquiring Yokee. The Canadian music giant has an estimated 400 million pay-TV subscribers in 156 countries and offers a variety of digital music and video services.
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