Sale To Stingray Digital
On February 13, 2009, original owners Corus Entertainment announced it had entered into an agreement to sell certain assets associated with Max Trax to Stingray Digital, including hardware, websites, domain names, among other assets including trademarks that includes the Max Trax name.
Previous to the sale to Stingray, in December 2008, Stingray received a category 2 digital licence to operate a national pay TV audio service, similar to Max Trax, from the Canadian Radio-television and Telecommunications Commission (CRTC).
The agreement was structured so that Corus would discontinue the Max Trax service, keeping the service on the air until Stingray launched its own service under its own licence using the Max Trax brand, resulting in a seamless transition and no interruption in services.
Read more about this topic: Max Trax
Famous quotes containing the word sale:
“I keep thinking that what I need
to do is buy my leg back.
Surely it is for sale somewhere,
poor broken tool, poor ornament.
It might be in a store somewhere beside a lady’s scarf.”
—Anne Sexton (1928–1974)