29-Aug-2014, 11:54
(29-Aug-2014, 11:30)PhilP Wrote: 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
Industry disclosure: UK distributor for Shunyata Research
220 PRO, totaldac d1 server with additional external power supply, totaldac d1-seven, Echole PSU for Totaldac, Wilson Audio Sasha 2, Shunyata Research cables, Shunyata Hydra Alpha A10 + DPC-6 v3, Various Entreq ground boxes and cables, Entreq Athena level 3 rack, 2 X SOtM sNH-10G with sCLK-EX + 10MHz Master Clock input + sPS-500 PSU, i5 sonicTransporter w/ 1TB SSD
UK