Qobuz Financial Problems - Le site Qobuz placé en procédure de sauvegarde

[GuillaumeB]

I was very surprised to hear that Qobuz have financial problems:

Qobuz problems?

especially so given that they've just opened a full UK service.


EDIT: quote from the same site but in english:

"As reported in LesEchos.fr, France-based Qobuz has entered procédure de sauvegarde which is roughly the equivalent of Chapter 11 protection. Qobuz President Yves Riesel explains that they were unsuccessful in raising a third round of financing which led to the filing. That said, my very limited understanding of procédure de sauvegarde suggests that a company must still be solvent, i.e. not in default, and they have 4 months in which to raise the funds needed to continue operating."

Yes I saw that - thanks for sharing. Let's hope they make it. With Linn Records now only selling their own-label music that does reduce the number of options for downloading high-res music. I think Qobuz is excellent.

Guillaume