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The Deals: Stingray’s $175M TuneIn Play; ‘Key Largo’ Singer Sells Catalog to Reservoir

Written by on November 21, 2025

Also: UMG’s hospitality venture partners with the UN to drive music tourism, “It Feels So Good” singer Sonique signs a catalog agreement with Armada and more.


Another day, another flood of music industry deals. How does one keep track? In an effort to provide an overview of the latest acquisitions, mergers, joint ventures, licensing agreements and more, Billboard publishes a list of all of the latest pacts that have hit our radar every other week.

Leading the column this week is Stingray Group‘s acquisition of TuneIn Holdings. Stringray, which distributes music and video content and provides business services and advertising solutions, entered a definitive agreement to acquire the live audio streaming and ad monetization company in a deal valued at up to $175 million based on TuneIn’s forecasted sales of $110 million and adjusted EBITDA of $30 million for the 12-month period ending Dec. 31, 2025. Stingray will pay $150 million at closing and up to $25 million 12 months after closing. To finance the deal, Stingray secured an additional $150 million term loan under its renewed credit facility. Expected to close by the end of this year, the transaction is subject to approval from TuneIn’s stockholders, regulators and customary closing conditions.

When completed, the acquisition will give the companies combined pro forma revenue of more than $400 million, according to a press release. “The acquisition will enhance Stingray’s reach by combining its premium music and video content with TuneIn’s robust partnerships with major device manufacturers, automotive companies, and content providers,” the release adds, noting that TuneIn serves more than 75 million active users globally each month, providing access to more than 100,000 radio stations, podcasts, music channels and more. It adds that TuneIn’s content is distributed across more than 200 platforms and connected devices in more than 100 countries. TuneIn’s platform will continue operating under its existing brand following the acquisition.

Check out the rest of the latest music industry deals below.


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