Connect with us

Hi, what are you looking for?

Digital Music Systems

Qobuz Raises €10 Million to Expand Hi-Res Music Streaming Service

Qobuz attracts new investment to grow their hi-res music streaming service to reach more audiophiles who seek the highest sound quality.

Qobuz Hi-Res Music Streaming Service

Hi-Res Music Matters

Qobuz, the French high-quality music streaming and downloading service, today announced strategic fundraising of 10 million euros to support its international development. The service is now accessible in 12 countries – in France, where it was born in 2007, in the United Kingdom, in Ireland, in Germany, Austria, Belgium, Switzerland, in Luxembourg, the Netherlands, in Spain, in Italy, as well as in the United States, where they opened a subsidiary in 2019.

Qobuz set itself apart with its high-end musical experience based on excellent sound quality and the production of original and unique editorial content. With its catalog of more than 60 million titles, Qobuz claims to have the largest number of high-resolution (hi-res) songs on the market. Music can be been streamed in either lossless CD quality (FLAC 16-bit/44kHz) or Hi-Res quality FLAC 24-Bit up to 192 KHz. The company’s monthly music subscription plans start at $14.99/month and are compatible with many devices including from Yamaha, Roon, Bluesound, Apple’s CarPlay, Android Auto, as well as with iPhone or Android smartphones.

The French service closed its last fiscal year with growth of over 45% and is now pursuing a major development plan. 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 through fundraising of 10 million euros. This follows a previous capital increase of 12 million euros in August 2019.

Goals

To support this development, Qobuz is setting up a new management team and launching a recruitment plan unprecedented in the company’s history. Thus, Georges Fornay, a specialist in the entertainment sector, in particular behind the development and success of the PlayStation on the French and Swiss markets, has been appointed Deputy CEO.

At his side, Céline Gallon joins Qobuz as Chief People Officer. A new role for this seasoned woman in strategic advice and change management. Finally, Raphaël Awóṣéyìn, who has held the position of Head of Quality Assurance within Qobuz for over a year, is appointed Chief Customer Officer. Other major recruitments are already planned by the end of the year.

“We are very proud of this new fundraising from our historic shareholders, which shows their confidence in our model. The end of the year promises to be full of exciting projects for Qobuz. We are also very pleased with the arrival of Georges Fornay, Céline Gallon, and other experienced professionals who are committed to upholding the ambitions of our brand. We are ready to step up our international presence to offer a unique offer to those who do not compromise on musical quality.”, Declares Denis Thébaud, Chairman and CEO of Qobuz.

Business fact sheet:

  • Qobuz creation date: 2007
  • Chairman and CEO: Denis Thébaud
  • Deputy CEO: Georges Fornay
  • Number of employees in France and worldwide: +60
  • Increase in turnover during the last fiscal year 2019-2020 (1 / 04-31 / 03): + 45.3%
  • Establishment: 12 countries – Germany, Austria, Belgium, Spain, France, Ireland, Italy, Luxembourg, Netherlands, United Kingdom, Switzerland, USA
  • Recruitment: many open positions available on Qobuz / Welcome To The Jungle

Culture fact sheet:

  • Qobuz is available on PC, Mac, web reader and iOS and Android app
  • Streaming: Hi-Fi (CD quality) and high resolution (hi-res), 24-bit frequency – up to 192 kHz
  • Number of titles referenced: +60 million, including the largest number of high-resolution (hi-res) references on the market
  • Number of playlists: +15,000
  • Compatibility with the biggest Hi-Fi brands
  • Uniqueness of Qobuz: its high audio quality and unique editorial angle with +300,000 album reviews, including +77,000 exclusives and +130,000 biographies

For more information: qobuz.com

Advertisement. Scroll to continue reading.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

You May Also Like

Music

Audiophiles owe themselves a listen to Craft Recordings Original Jazz Classics Series of new Miles Davis vinyl reissues.

Music

Qobuz partners with ACT Music for an exclusive, high-res jazz experience, offering playlists, videos, and 24-bit downloads.

Earbuds & In-Ear Headphones

Priced at $259.99, the Cleer ARC 3 Sport Pro, are open-ear true wireless earbuds with a built-in SPO2 sensor, heart rate monitor, and Dolby...

Music

"It’s the Easter Beagle, Charlie Brown!" and "Jazz Impressions Of A Boy Named Charlie Brown" by Vince Guaraldi are featured releases for Record Store...

DAPs

With support for 32-bit PCM, DSD, Roon, LDAC, aptX HD, and a brand new docking cradle, the Astell&Kern PS10 DAP might replace your streamer.

HDTV 4K & 8K TV

Would you buy a 55-inch Sharp 4K TV with built-in TiVo for $299.99? Let's take a look at what it offers.

Floorstanding Speakers

The Houchmand M1 is an ultra high-end all-in-one two-channel digital music system with optional subwoofer for a sky high price.

DACs

Do you really need a DAC that costs between $14,000 and $18,000? Bluebird Music thinks the Jadis Vacuum Tube JS5 or JS2 SL are...

Advertisement

ecoustics is a hi-fi and music magazine offering product reviews, podcasts, news and advice for aspiring audiophiles, home theater enthusiasts and headphone hipsters. Read more

Copyright © 1999-2024 ecoustics | Disclaimer: We may earn a commission when you buy through links on our site.



SVS Bluesound PSB Speakers NAD Cambridge Audio Q Acoustics Denon Marantz Focal Naim Audio RSL Speakers