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Eric Boyko

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Eric Boyko
Born1970 (age 53–54)
Alma materMcGill University
Occupation(s)Founder, president & CEO,
Stingray Group Inc.
(2007-present)
Years active1991–present
Websitestingray

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

Early life and education

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

Career

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Campus Gourmet and eFundraising

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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 theBusiness Development Bank of Canada.[2]It was rebranded as eFundraising in 1998,[5]and sold to ZapMe in 2000 for $25 million.[6]

Stingray Group Inc.

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In 2007, Boyko and Alexandre Taillefer founded digital music providerStingray 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 theCanadian Broadcasting Corporationfor $65 million, and renamed itStingray Music.[3]

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

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


References

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  1. ^abJosh O’Kane,“How Stingray’s thrill-seeking CEO took his passion public,”The Globe and Mail,June 5, 2015.
  2. ^abcdeSteve Ladurantaye,“Eric Boyko: Stingray’s entrepreneur a go-go-go,”The Globe and Mail,November 2, 2012.
  3. ^abcdPaul Delean,“Stingray Digital in a growth groove,”Archived2017-08-03 at theWayback MachineMontreal Gazette,July 24, 2014.
  4. ^Eric BoykoArchived2015-07-28 at theWayback Machine,bdc.ca. Accessed November 15, 2015.
  5. ^abKeith Randall,“Who Said the Path to Success is Easy?”Archived2015-11-17 at theWayback MachineMcGill Management Newsletter,Fall/Winter 2003-04, p. 17.
  6. ^“Montreal company hits it big with e-fundraising,”CBC News,April 3, 2000.
  7. ^Robert Briel,"Q&A with Stingray’s Eric Boyko,"Broadband TV News, March 10, 2015.
  8. ^Eric Boyko CGA: Executive Profile,Bloomberg Businessweek.Accessed November 15, 2015.
  9. ^“Stingray Digital said to seek about $120M in IPO,”Montreal Gazette,April 24, 2015.
  10. ^"Why Stingray Digital is betting it all against streaming music".Canadian Business.February 25, 2016. Archived fromthe originalon June 8, 2017.RetrievedMay 23,2017.
  11. ^Damon van der Linde,“Stingray Digital Group Inc plans global expansion after $140M IPO,”Financial Post,June 3, 2015.
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