18-May-2015, 17:14
In fact, danny at Roon came back with this article: http://www.telecompaper.com/news/qobuz-e...e--1076286
text from it below:
Qobuz extends bankruptcy protection until mid-June
Sunday 12 April 2015 | 18:30 CET
French high definition music streaming company Qobuz has secured an extension of its bankruptcy protection until 15 June, reports Les Echos. The pay music service Qobuz entered protection from creditors in August 2014. CEO Yves Riesel said revenue were twice as high in March as a year earlier, as they were in February, January and December. Qobuz has been growing steadily for a little over 6 months. He added that the company was looking for a new owner or backer, but not a direct competitor.
Qobuz has around 40 employees, ten fewer than a year ago. Riesel sold his music label, Abeille. The company aims to break even in 2017. It expects to double its revenue to EUR 12 million this year, half coming from outside France and 40 percent from subscriptions. Qobuz currently has 25,000 paying customers, two-thirds of whom pay EUR 20 a month. The remainder comes from album and track sales, as 35 percent of subscribers also buy music to download.
text from it below:
Qobuz extends bankruptcy protection until mid-June
Sunday 12 April 2015 | 18:30 CET
French high definition music streaming company Qobuz has secured an extension of its bankruptcy protection until 15 June, reports Les Echos. The pay music service Qobuz entered protection from creditors in August 2014. CEO Yves Riesel said revenue were twice as high in March as a year earlier, as they were in February, January and December. Qobuz has been growing steadily for a little over 6 months. He added that the company was looking for a new owner or backer, but not a direct competitor.
Qobuz has around 40 employees, ten fewer than a year ago. Riesel sold his music label, Abeille. The company aims to break even in 2017. It expects to double its revenue to EUR 12 million this year, half coming from outside France and 40 percent from subscriptions. Qobuz currently has 25,000 paying customers, two-thirds of whom pay EUR 20 a month. The remainder comes from album and track sales, as 35 percent of subscribers also buy music to download.
>>> 1st Place Award: Devialet, last decades most disappointing technology purchase. <<<