Yangaroo

YANGAROO, Inc.
Company type
Public
TSX-V: YOO
IndustryMarketing, advertising & entertainment
Founded1999; 27 years ago (1999)
HeadquartersCanada
Key people
Grant Schuetrumpf, CEO

Richard Klosa, CTO Dom Kizek, CFO

Adam Hunt, SVP Music
ServicesSystems and software for the advertising, music, and awards industries
Websiteyangaroo.com

Yangaroo is a Canadian media content technology company that offers a platform used by the advertising and music industries, award shows, and broadcasters for the management and distribution of advertising and entertainment content.

History

The company was founded in Toronto in 1999.

In December 2014, Yangaroo announced a partnership with IMD Fastrax, the music distribution arm of delivery company IMD. The partnership enabled North American record labels and recording artists to deliver their music videos to the UK and Ireland via the IMD Fastrax platform.[1]

In January 2020, Yangaroo reported that the TSX Venture Exchange had approved the company's proposal for a regular course issuer offer for up to 3 million shares of its common stock, which constituted 5% or less of the company's issued and outstanding securities.[2]

In 2020, Yangaroo also formed a partnership with Universal Music Canada.[3]

Products

The Digital Media Distribution System (DMDS) is a technology platform provided by Yangaroo for the secure distribution of audio and video media via the internet. Systems like DMDS make it possible for broadcasters, TV advertisers, and post-production companies to move away from physical media like DigiBeta tapes to digital file-based workflows.

The DMDS service supports the following:

  • Broadcasting music videos
  • Distributing television advertisements
  • Distributing award show content and voting
  • Distributing music to television and radio platforms

Yangaroo music provides programmers, broadcasters, journalists, and other industry professionals the ability to preview and download pre-release media from music professionals, including record labels and independents.[4]

References

  1. ^ "YANGAROO Announces Partnership With IMD Fastrax". Market Wired. 2014-12-18. Archived from the original on 2015-02-11. Retrieved 2015-01-26.
  2. ^ "YANGAROO Announces Renewal of TSX-V-Approved Normal Course Issuer Bid for 2020". Globe Newswire (Press release). 6 January 2020. Retrieved 14 July 2020.
  3. ^ "Digital Distribution Service Play MPE Launching in Canada With Universal Music Deal". Billboard. 2020-01-22. Retrieved 2020-04-27.
  4. ^ King, Rachel (2008-09-04). "Saving the Music Industry -- Environmentally, At Least". Fast Company.
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