MM. Mood Media

 
TIDMMM. 
 
Mood Media sells Canadian account portfolio to Stingray Digital 
 
Transaction Valued at Approximately US$11 Million 
 
TORONTO, June 27, 2014 /CNW/ - Mood Media Corporation (ISIN: CA61534J1057) 
(TSX: MM) (LSE AIM: MM) ("Mood Media" or the "Company") today announced an 
agreement to sell its remaining eight thousand Canadian commercial accounts to 
its long-term affiliate and operating partner, Stingray Digital ("Stingray"), 
for US$11.2 million. Stingray and Mood Media will continue to work together to 
serve the accounts with Mood Media services. The transaction further advances 
Mood Media's strategy to simplify its portfolio, aggressively integrate 
strategic assets, strengthen partnerships and streamline operations, while 
investing in its core businesses. 
 
Under the terms of the agreement, Mood Media will receive an initial cash 
payment of US$9.5 million and upon the achievement of certain key performance 
indicators, Stingray will pay Mood Media US$1.7 million via an incremental 
payment after 12 months. Proceeds from the transaction will be targeted to 
strengthen the Company's balance sheet and deleverage even as it continues to 
invest in solutions that support growth. 
 
"We continue to aggressively evaluate opportunities to simplify our portfolio, 
more effectively utilize Mood's operating infrastructure and invest in 
resources to deepen relationships with clients - activities that we believe 
will create enhanced value for our stakeholders," said Steve Richards, 
President and Chief Executive Officer of Mood Media. "Through this transaction 
we will monetize former DMX Canadian accounts that are not core to our current 
geographic growth strategy as they are located in territories served by 
Stingray, and therefore highly desirable to our valued long-term partner. This 
is another important milestone for Mood Media and it underscores our commitment 
to unlocking the value of our assets and capitalizing on new opportunities to 
enhance returns for all of our stakeholders." 
 
About Mood Media Corporation 
Mood Media Corporation (TSX:MM / LSE AIM:MM) is one of the world's largest 
designers of in-store consumer experiences, including audio, visual, 
interactive, scent, voice and advertising solutions. Mood Media's solutions 
reach over 150 million consumers each day through more than half a million 
subscriber locations in over 40 countries throughout North America, Europe, 
Asia and Australia. 
 
Mood Media Corporation's client base includes more than 850 U.S. and 
international brands in diverse market sectors that include: retail, from 
fashion to financial services; hospitality, from hotels to health spas; and 
food retail, including restaurants, bars, quick-service and fast casual dining. 
Our marketing platforms include 77 of the top 100 retailers in the United 
States and 49 of the top 50 quick-service and fast-casual restaurant companies. 
 
For further information about Mood Media, please visit our website, follow us 
on Twitter @moodmedia and Like our Facebook page. 
 
About Stingray Digital Group 
Stingray Digital is the leading multi-platform music service provider in the 
world, with more than 100 million subscribers in 113 countries around the 
world. Geared towards individuals and businesses alike, the company's 
commercial entities include leading digital music and video services Galaxie, 
Music Choice International, Concert TV and The KARAOKE Channel. The company 
also offers various business solutions, including sensory marketing solutions 
via its Stingray360 division and music licensing services through Stingray 
Music. 
 
Majority-owned by Telesystem, Novacap and Boyko Investment Corporation, 
Stingray Digital is headquartered in Montreal and has over 200 employees in 
offices across Canada, as well as additional offices in Los Angeles, Miami, 
London, Amsterdam and Tel Aviv. The company stood out by ranking in the top 
2014 Profit 500, Canada's fastest growing companies. For more information, 
please visit www.stingraydigital.com. 
 
Cautionary Statement Regarding Forward-Looking Statements 
 
This press release contains forward-looking statements that involve a number of 
risks and uncertainties, including statements with respect to Mood Media and 
its expected growth, results of operations, performance, financial condition, 
strategy and business prospects and opportunities, as well as with respect to 
the contingent payment of the remaining purchase price for the Canadian 
commercial accounts from Stingray upon achievement of certain key performance 
indicators. There can be no assurance that those performance indicators will be 
achieved, in whole or in part, or that such remaining purchase price will be 
paid, in whole or in part. The words "believe", "expect", "anticipate", 
"estimate", "intend", "may", "will", "would" and similar expressions and the 
negative of such expressions are intended to identify forward-looking 
statements, although not all forward-looking statements contain these 
identifying words. These forward-looking statements are subject to important 
assumptions and known and unknown factors could cause actual results to differ 
materially from those projected in the forward-looking statements. Such factors 
include, but are not limited to: the achievement of certain key performance 
indicators, the impact of general market, industry, credit and economic 
conditions, currency fluctuations as well as the risk factors identified in 
Mood Media's management discussion and analysis dated May 8, 2014 and Mood 
Media's annual information form dated March 31, 2014, both of which are 
available on www.sedar.com. While Mood Media considers these factors and 
assumptions to be reasonable based on information currently available, they are 
inherently subject to significant uncertainties and contingencies and may prove 
to be incorrect. 
 
Given these uncertainties, readers are cautioned not to place undue reliance on 
such forward-looking statements. All of the forward-looking statements made in 
this press release are qualified by these cautionary statements and other 
cautionary statements or factors contained herein, and there can be no 
assurance that the actual results or developments will be realized or, even if 
substantially realized, that they will have the expected consequences to, or 
effects on, Mood Media. 
 
Forward-looking statements are given only as at the date hereof and Mood Media 
disclaims any obligation to update or revise the forward-looking statements, 
whether as a result of new information, future events or otherwise, except as 
required by applicable laws. 
 
SOURCE: Mood Media Corporation 
 
For further information: 
 
Investor Inquiries 
Randal Rudniski 
Mood Media Corporation 
Tel: 512 592.2438 
Email: randal.rudniski@moodmedia.com 
 
Media Inquiries 
Sumter Cox 
Mood Media Corporation 
Tel: 704 972.7947 
Email: sumter.cox@moodmedia.com 
 
Media Inquiries 
Mathieu Péloquin 
Stingray Digital 
514-664-1244, poste 2362 
mpeloquin@stingraydigital.com 
 
 
 
 
 
END 
 

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