1970 (age 47–48)|
|Alma mater||McGill University|
Founder, president & CEO, |
Early life and education
Boyko was born and raised in Montreal, Quebec, to a Quebecois mother and Ukrainian father. He earned a bachelor of commerce degree from McGill University in 1992, and became a certified general accountant in 1997.
Campus Gourmet and eFundraising.com
Boyko started his first business, Campus Gourmet, in 1991 at the age of 19. The company sold precooked meals to students at McGill University. He then founded the online fundraising company Universal Fundraising Group with a $2,000 loan from the Business Development Bank of Canada. It was rebranded as eFundraising.com in 1998, and sold to ZapMe in 2000 for $25 million.
In 2007, Boyko and Alexandre Taillefer founded digital music provider Stingray Digital Media Group, with Boyko serving as president and CEO since the company's inception. The company sells commercial-free music streams to cable and satellite television providers to add to their subscribers' packages, as well as a music streaming app and an online service for consumers and businesses. Unlike many of its streaming music competitors, Stingray uses human curators rather than algorithms to generate playlists. It was launched with the $6 million purchase of karaoke company Soundchoice, which was then renamed The Karaoke Channel. A year later, Stingray purchased music-streaming TV channel Galaxie from the Canadian Broadcasting Corporation for $65 million, and renamed it Stingray Music.
Seven years after its founding, Stingray had acquired 19 other companies. The company went public on June 3, 2015, on the Toronto Stock Exchange. As of September 2015, it has 135 million subscribers in 120 countries , and the company saw its revenues top the $100-million mark for the first time as of the close of their previous fiscal year in March 2017. In June 2017, Stingray announced that it planned to hire an additional 400 people to work in its Montreal head office over the next five years.
- Josh O’Kane, “How Stingray’s thrill-seeking CEO took his passion public,” The Globe and Mail, June 5, 2015.
- Steve Ladurantaye, “Eric Boyko: Stingray’s entrepreneur a go-go-go,” The Globe and Mail, November 2, 2012.
- Paul Delean, “Stingray Digital in a growth groove,” Montreal Gazette, July 24, 2014.
- Eric Boyko, bdc.ca. Accessed November 15, 2015.
- Keith Randall, “Who Said the Path to Success is Easy?” McGill Management Newsletter, Fall/Winter 2003-04, p. 17.
- “Montreal company hits it big with e-fundraising,” CBC News, April 3, 2000.
- Robert Briel, "Q&A with Stingray’s Eric Boyko," Broadband TV News, March 10, 2015.
- Eric Boyko CGA: Executive Profile, Bloomberg Businessweek. Accessed November 15, 2015.
- “Stingray Digital said to seek about $120M in IPO,” Montreal Gazette, April 24, 2015.
- "Why Stingray Digital is betting it all against streaming music". Canadian Business. February 25, 2016. Retrieved May 23, 2017.
- Nicolas Van Praet, “Entrepreneur behind Galaxie music is betting on TV’s survival,” Financial Post, January 24, 2014.
- Damon van der Linde, “Stingray Digital Group Inc plans global expansion after $140M IPO,” Financial Post, June 3, 2015.
- Joshua Green, “Going public easier than dealing with private equity, says Stingray Digital CEO,” Business News Network, September 17, 2015.
- "Stingray says Montreal expansion plans could be hampered by provincial government support". BNN. June 16, 2017. Retrieved June 28, 2017.
- "Montreal's Stingray Digital announces plan to hire 400 people". MontrealGazette.com. June 16, 2017. Retrieved July 12, 2017.