(18-May-2015, 17:14)Hifi_swlon Wrote: 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.
Yes the classic chicken and egg situation, if no one uses them as they are in protection they are more likely to go bankrupt. I don't see that there is a risk I am on a monthly payment and if they fold it ends !!!! but in the meantime the selection of music and the quality is really good.
UK kit - Technics SP10 - Technics EPA-501 - AT33SA - NUC5i3 - W10 - Roonserver - Roon AIR - Devialet 1000 Pro CI - Blue Jeans Speaker Cable (0.5 metre each side) - Magico S5
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Spain kit - NUC7i5 - W10 - Roonserver - Roon AIR - Devialet D250 Pro CI - Blue Jeans Speaker Cable - Ergo IX speakers