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Eric Boyko

Canadian entrepreneur (born 1970) From Wikipedia, the free encyclopedia

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Eric Boyko (born 1970)[1] is a Canadian tech entrepreneur and the founder, president and CEO of Stingray Group.

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Early life and education

Boyko was born and raised in Montreal, Quebec, to a Quebecois mother and Ukrainian father.[2] He earned a bachelor of commerce degree from McGill University in 1992,[3] and became a certified general accountant in 1997.[4]

Career

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Campus Gourmet and eFundraising.com

Boyko started his first business, Campus Gourmet, in 1991 at the age of 19. The company sold precooked meals to students at McGill University.[2][5] He then founded the online fundraising company Universal Fundraising Group with a $2,000 loan from the Business Development Bank of Canada.[2] It was rebranded as eFundraising.com in 1998,[5] and sold to ZapMe in 2000 for $25 million.[6]

Stingray Group Inc.

In 2007, Boyko and Alexandre Taillefer founded digital music provider Stingray Digital Media Group,[3] with Boyko serving as president and CEO since the company's inception.[7][8] The company sells commercial-free music streams to cable and satellite television providers to add to their subscribers' packages,[2] as well as a music streaming app and an online service for consumers and businesses.[9] Unlike many of its streaming music competitors, Stingray uses human curators rather than algorithms to generate playlists.[10] It was launched with the $6 million purchase of karaoke company Soundchoice, which was then renamed The Karaoke Channel.[2][3] A year later, Stingray purchased music-streaming TV channel Galaxie from the Canadian Broadcasting Corporation for $65 million, and renamed it Stingray Music.[3]

The company went public on June 3, 2015, on the Toronto Stock Exchange.[1][11]

In December 2018, the company officially changed its name to Stingray Group, Inc.


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References

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