This follows a previous capital increase of 12 million euros in August 2019.Ī strengthened managerial organization to support Qobuz's ambitions To support the brand's ambitions in terms of offer, R&D, talent recruitment, and strategic partnerships, in addition to supporting it in its global expansion, its historical shareholders - the Nabuboto company and the Quebecor Group - have renewed their confidence by the fundraising of 10 million euros. The French service closed its last fiscal year with over 45% growth, and is now pursuing a major development plan. The service is now accessible in 12 countries - the US, where it opened in 2019, France, where the company began in 2007, as well as the United Kingdom, Ireland, Germany, Austria, Belgium, Switzerland, Luxembourg, the Netherlands, Spain, and Italy. To support its international expansion ambitions, Qobuz, now present in 12 countries, is strengthening its managerial organization with the establishment of new management and the launch of a vast recruitment plan.ġ0 million euros to boost the Qobuz offer and accelerate international developmentĪ pioneer in high-quality sound, Qobuz sets itself apart with its high-end musical experience combining excellent sound quality and unique, original editorial content. 21, 2020 /PRNewswire/ - Qobuz, the world's 1st Hi-Res music streaming and download service, announced that it has raised 10 million euros in new capital to drive its momentum and consolidate its future developments. And while other services also offer hi-res audio - Tidal, for instance, has boasted a higher-resolution offering at $19.99/month, while MQA quality has been embraced by major and indie labels alike - Qobuz says its 24-bit goes beyond that offered by the rest of the field.PARIS, Sept. In addition to its 40 million tracks available for streaming and offline downloading, Qobuz also offers album booklets, track and album metadata, curated playlists and editorial content, as well. ![]() ![]() “The roadblocks due to bandwidth limitations have gone or are going away and our service works with just about any home cable or fiber connection, and with a good 4G or LTE mobile connection you can stream hi-res on the go.” “High-quality streaming is our priority,” Mackta says. In a press release, the service boasted that its top-tier, 24-bit/192 kHz hi-res is approximately 29 times better quality than from an mp3. The cost of top-level speakers and headphones has dropped as technology has improved, and bandwidth issues are easing when it comes to streaming larger files - and getting better-quality audio. While Qobuz is certainly seeking to appeal to the audiophile community - the service is also prioritizing hi-res recordings of jazz and classical music specifically to entice that demographic - those seeking higher-quality audio are also finding it easier, and cheaper, than ever to do so. “And bringing some competition into the sphere will be good for everyone - listeners, labels (re: payouts), speaker companies, etc.”Īll Three Major Labels, Pandora and RIAA Announce Support for Hi-Res Audio Streaming “Audiophiles have been awaiting Qobuz for years, and now we’re able to reach a larger audience to let them know that better quality audio is available,” Dan Mackta, managing director Qobuz USA, tells Billboard in an email. ![]() The service is available at four different price points: premium, $9.99/month ($99.99/year) mp3-quality streaming Hi-Fi, $19.99/month ($199.99/year) 16-bit CD-quality streaming studio, $24.99/month ($249.99/year) unlimited hi-res 24-bit streaming and Sublime+, $299.99/year full hi-res 24-bit streaming packaged with 40-60 percent discounts on downloads in the Qobuz download store. 14), the service’s streaming and download store is finally available Stateside, after more than a decade of availability in Europe. That’s just one of the reasons that Qobuz, the Paris-based, hi-res-first audio streaming company is finally moving ahead with its plans to launch in the United States. Whether that has meant video for some, original content for others or additional services and bundles at lower price points for still others, there’s a clear opening for new and fresh ways of looking at the streaming ecosystem. With the $9.99/month subscription streaming model for music now firmly entrenched as the dominant revenue driver for the music industry, many of the major players are now looking to differentiation to keep the gravy train moving.
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