October 30 2025
The M&A Club is pleased to share that Stingray (TSX: RAY.A; RAY.B), a Montreal-based leader in music, media, and advertising solutions, has announced the acquisition of DMI, a U.S. company recognized for its expertise in music branding and in-store audio advertising. This strategic transaction adds 8,500 new retail locations to Stingray’s U.S. media network, bringing its total to 33,500 locations and further strengthening its position as a key player in the North American retail media space.
By integrating DMI’s impressive client portfolio, which includes a major national pharmacy chain, Stingray becomes the definitive leader in in-store audio advertising for the U.S. pharmacy sector. DMI, led by its founder and CEO Tena Clark, brings a rich creative heritage rooted in original music production and strategic audio branding. For Stingray, this acquisition not only accelerates its growth in the United States but also enhances its offering to brands seeking innovative ways to connect with customers in-store.
This acquisition is another milestone in Stingray’s ongoing expansion strategy, combining technology, creativity, and scale to deliver impactful business solutions.
Read the full announcement on Stingray’s website: Stingray acquires DMI
