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DESTINY MEDIA TECHS INC - DSNY STOCK NEWS

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Destiny Media Technologies, Inc. (TSX.V: DSY; OTCQX: DSNY), headquartered in Vancouver, BC, Canada, was founded in 1991 as a video game developer. Since then, the company has evolved into a leading provider of secure digital content distribution solutions, specializing in audio and video streaming and secure file distribution worldwide. Destiny operates two main product lines, MPE® and Clipstream®. MPE® facilitates the secure distribution of digital content, including audio, video, images, and metadata, akin to owning a physical media copy. On the other hand, Clipstream® enables secure content streaming for temporary viewing or listening, eliminating the need for special players or servers. Destiny holds patents for secure distribution and watermarking, with additional patents in the pipeline for further innovation.

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Destiny Media Technologies (OTCQB: DSNY) announced a new integration between its Play MPE music promotion distribution platform and MTR (Music Tracking Radar). The integration enables automatic tracking of songs uploaded to Play MPE through MTR, marking the first step in a new ecosystem launching in 2025.

MTR currently tracks airplay at over 5,000 stations in North America. The integration aims to streamline music distribution and tracking services, simplify subscription management, and reduce barriers to customer acquisition. Future enhancements will consolidate reporting across both platforms, encouraging cross-platform usage and improving efficiency for artists and labels.

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Destiny Media Technologies Inc. (TSXV: DSY) (OTCQB: DSNY), creators of Play MPE®, has announced a significant update to its music promotion distribution platform. The company has introduced self-service account creation for record labels and independent artists, allowing users to easily explore Play MPE's ecosystem. This update is part of a series of platform enhancements planned through 2025.

The new feature aims to remove barriers to entry for independent artists, simplifying the onboarding and release creation process. This improvement is expected to expand the platform's reach into new markets, encourage larger marketing purchases, and facilitate broader music exposure. The goal is to help more artists connect with industry curators, broadcasters, and other key players, potentially increasing radio airplay and media exposure.

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Destiny Media Technologies Inc. (TSXV: DSY) (OTCQB: DSNY), the maker of Play MPE®, announced financial results for Q3 fiscal 2024 ended May 31, 2024. Highlights include:

- Revenue of $1.2M, up 8.2% year-over-year
- Global independent record label growth of 11.9%
- Net income of $0.13M
- Adjusted EBITDA of $0.22M

The company reported sustained revenue growth averaging 9.1% over the past year. During Q3, Destiny Media repurchased 149,900 shares for $0.16 million under a normal course issuer bid (NCIB). The NCIB ceased on May 2, 2024, and has not been renewed.

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Destiny Media Technologies (TSXV: DSY, OTCQB: DSNY) announced a live webinar for its fiscal 2024 third-quarter financial results. The webinar will take place on July 15, 2024, at 2:00 p.m. PST (5:00 p.m. EST). Financial results will be released before market open on the same day. Attendees can register and submit questions during the event. The webinar will feature a visual presentation, with dial-in options available for audio-only access. A recording will be accessible post-event on the company's investor relations page.

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Destiny Media Technologies (TSXV: DSY, OTCQB: DSNY) has launched its airplay tracking service, MTR™, in the United States. Following a successful beta launch in Canada, MTR™ aims to provide affordable and comprehensive airplay data for individual songs across a wide range of US radio stations, including major urban and smaller rural stations. The service is designed to meet the needs of smaller, unserved customers and offers real-time reporting. Key features include extensive coverage, competitive pricing, and scalability. MTR™ is poised to revolutionize the music industry with accessible, detailed tracking solutions.

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Destiny Media Technologies Inc. reports positive financial results for the fiscal 2024 second quarter, showcasing growth in revenue and independent record label sector. The company focuses on enhancing product development and marketing strategies to drive expansion into new markets.
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Destiny Media Technologies Inc. will host a live webinar on April 15, 2024, to discuss its financial results for the second quarter ended February 29, 2024. Attendees can register in advance and submit questions during the presentation. The webinar will offer visual information and a recording will be available afterward.
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Destiny Media Technologies Inc. announced financial results for its fiscal 2024 first quarter, showing positive growth in revenue and EBITDA. The company also repurchased shares and will hold a webinar to discuss the results.
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Destiny Media Technologies Inc. (TSXV: DSY) (OTCQB: DSNY) will hold a live webinar on January 16, 2024, to discuss financial results for its first quarter ended November 30, 2023. The webinar will feature comments from President, CEO Fred Vandenberg, and Director of Business Development, Allan Benedict. Attendees can register and submit questions. A recording will be available after the event.
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Destiny Media Technologies Inc. (DSY on TSXV, DSNY on OTCQB) announced financial results for its fiscal year ended August 31, 2023. The company reported a 1.9% increase in currency adjusted Play MPE® revenue, a 6.1% growth in revenue in the second half of the fiscal year, and a remarkable 125% increase in net income. The company also beta launched a new technology called 'MTR™' or 'Meter' and made significant progress on aspects in the Play MPE® platform that should accelerate revenue growth and target market acquisition.
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FAQ

What is the current stock price of DESTINY MEDIA TECHS (DSNY)?

The current stock price of DESTINY MEDIA TECHS (DSNY) is $0.8399 as of October 14, 2024.

What is the market cap of DESTINY MEDIA TECHS (DSNY)?

The market cap of DESTINY MEDIA TECHS (DSNY) is approximately 7.5M.

When was Destiny Media Technologies founded?

Destiny Media Technologies, Inc. was established in 1991 as a video game developer.

What are the core product lines of Destiny Media Technologies?

Destiny Media Technologies operates two primary product lines: MPE® and Clipstream®.

What does MPE® technology offer for digital content distribution?

MPE® technology enables the secure distribution of various digital content types like audio, video, images, and metadata to destination computers, providing a similar experience to owning physical media.

How does Clipstream® revolutionize content streaming?

Clipstream® allows content to be securely streamed for temporary viewing or listening without the need for specific players or servers, resulting in higher play rates at a reduced cost.

What patents has Destiny Media Technologies secured?

Destiny Media Technologies holds patents for secure distribution and watermarking, with a pending patent for cross-platform innovation.

What is the goal of Destiny Media Technologies?

Destiny Media Technologies aims to provide cutting-edge digital content distribution solutions and promote secure, efficient content streaming globally.

DESTINY MEDIA TECHS INC

OTC:DSNY

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DSNY Stock Data

7.52M
6.00M
33.96%
6.63%
Software - Application
Technology
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United States of America
Vancouver