Quobuz Receivership

Posted by: David on 11 November 2015

Seems like Quobuz has gone into receivership,  and has to find an investor this week, or shut up shop.

 

 

http://www.audiostream.com/con...#kr2MEJDYiSuPzUTF.97

Posted on: 16 November 2015 by Kevo

FYI: Heres a direct comparison of the vendor curated playlists between Tidal and Qobuz:

 

Genre

Tidal

Qobuz

Total Genres Available

20

12

Classical:

12 playlists

100 playlists

Rock:

103 playlists

20 playlists

Hip Hop:

90 playlists

20 playlists

Indie/Alternative

80 playlists

No such Genre

 

 

Posted on: 16 November 2015 by Harry
Originally Posted by Bruce Woodhouse:

The re-master of Benefit is also absolutely fantastic by the way. Really transformative.

My favourite Tull album and second favourite SW Tull remix to date. Unlike Aqualung, the downloadable version from the likes of HDT is identical to the original DVD-A release.

Posted on: 16 November 2015 by DavidS
Originally Posted by Kevo:

Personally I have used a Qobuz Hifi subscription for nearly a year now, primarily through a plugin for Logitech Media Server on my music server (and a great Android app called Squeeze Ctl). I found this approach to be simple but effective for searching and streaming albums, saving favourites, adding to personal pkaylists, etc. It does not allow download so I use the Qobuz Windows desktop app for that purpose (only).

 

I have also used Spotify and Deezer (both for about a year prior to the launch of the higher quality services). I also tried Tidal for the trial period alongside Qobuz, but found it had big gaps in the type of music I wanted to access (quite varied across popular rock, jazz, classical, indie and more)

 

I have found the numerous emails Qobuz send out on new releases, curated play lists, etc to be useful, partly because they are sectioned by genre. 

 

Since the announcement I have retried Tidal and been equally dissatisfied on content (eg didn't have Beth Orton's 2014 album Sugaring Season whereas Qobuz had both normal CD and Studio Master to stream). The influence of JayZ and his team is evident in what they seem to promote in the front end on Windows and Android clients. My biggest criticism is that they do not have clear genre divisions or sections to aid browsing. The LMS plugin is quite poor too but that is possibly not Tidal's fault.

 

I really hope Qobuz are rescued as for me, they are the best offering at the moment. If they are, I also hope Naim get it working on their streamers as I would buy one then! Personally I think Qobuz matches the typical Naim owner demographic far better than Tidal but what do I know? !!

 

Fingers crossed! 

I just wanted to add my complete agreement with Kevo's post. At present I listen to Qobuz via the OS X Desktop app (which BTW has been updated recently), streaming to mu-so via AirPlay (and sorry, in preference to Tidal on mu-so). Like Kevo, I will buy a Naim streamer as soon as they include support for Qobuz. Like Hungryhalibut I think Qobuz is wonderful and am also doing my bit to try to keep it afloat  

 

I'll be devastated if it fails.

 

david

Posted on: 16 November 2015 by Harty601

http://www.whathifi.com/news/q...rship-no-backup-plan

 

Looks like it's really down to the wire now - not looking hopeful. 

 

Streaming from Qobuz as I type - will be gutted if they go.

Posted on: 16 November 2015 by Kevo

The latest post on the Qobuz blog (today):

"The press has today echoed the situation of Qobuz, which was placed in receivership this week.

What this means is that Qobuz will await offers from potential buyers who are willing to commit fully to the future of the company.

The Qobuz team is confident that a solution will be found following the reception of offers by the Tribunal, the leaders of which prioritize the honouring of Qobuz’ commitments to its customers."

 

Not sure if that last paragraph means they have received offers or if its a future looking position??

Posted on: 16 November 2015 by andarkian

http://blogsv2.qobuz.com/qobuz...nts-and-subscribers/

 

Current situation.

Posted on: 16 November 2015 by Bananahead

And another 48 euros from me

Posted on: 16 November 2015 by Harty601

http://www.whathifi.com/news/q...l-interest-investors

 

Looks like someone from Qobuz might have had a word with What Hifi.....

 

Hope springs eternal.

Posted on: 16 November 2015 by Bert Schurink
Originally Posted by Bananahead:

And another 48 euros from me

I spent a lot over the weekend, so perhaps it helps :-)

Posted on: 16 November 2015 by DavidS

As the Qobuz Team says we need to "Keep the faith"

 

I thought Why you should support Qobuz... was rather good. I'm in one of these groups:

  • Because you're so old you annoy the young idiots – or because you're young and you annoy the old idiots.

Well worth reading

 

david

 

 

Posted on: 16 November 2015 by JSH
Helpful distinctions David, thanks.  But as I was saying at the top of the page....................!!  Good luck to those sending their money in.  I hope you are successful, if you value Qobuz so highly but I fear they will be drops in the ocean as far as Administrators are concerned.  Time will tell
 
Originally Posted by Davidmanne:

For those who are confused about crowd funding, here is a simple explanation.

 

Note that as with most investments, crowd funding is risky - i,e, it does not always succeed.  Sometimes when it does, it succeeds massively.

 

Crowd Funding

What Is It?

Over the past few years, a new way of funding ideas and projects has emerged; crowdfunding uses the collective cooperation of a group of people (the “crowd&rdquo to pool resources together in support of a specific project. There are two main crowdfunding models: equity-based crowdfunding where people contribute funds to a business or project in exchange for equity and donation-based crowdfunding where people donate to a project in exchange for tangible, non-monetary, rewards.

 

Note that the donation model in return for goods as more akin to a marketing model than an investment model.

 

David

 

Posted on: 16 November 2015 by Harry
Originally Posted by JSH:
Helpful distinctions David, thanks.  But as I was saying at the top of the page....................!!  Good luck to those sending their money in.  I hope you are successful, if you value Qobuz so highly but I fear they will be drops in the ocean as far as Administrators are concerned.  Time will tell

If personal experience of clients going into administration are anything to go by, the receivers will be grateful for cash injections because it will make it easier to pay their fees when they wind everything up, as usually happens once tax, utilities, phone bills and huge administrators' fees have been paid. Funny how they find enough money to pay themselves - sometimes an amount approaching the level the company originally needed to keep going.

 

If you can't find a bank or big backer to invest in you then get a crowd. They obviously know something that conventional backers and investors don't, but unfortunately it is seldom information which is lucrative.

Posted on: 16 November 2015 by rjstaines

This may be totally irrelevant, but I know a guy who had a £20million business that was taken down just because one of his suppliers suspected he might be in trouble (when in fact he wasn't at all).

 

The supplier in question put him on 'Hold' and stopped supplying goods. Once the market place got wind of this, many of the other suppliers did the same... result - a £20m business went out of business.

 

True story.

 

Moral... if you're intent on killing Quobuz, keep circulating the rumours.

 

Me... I don't give a monkeys, I'm not at all keen on streaming, but as a member of the human race, I don't like to see others unfairly ruined    

Posted on: 16 November 2015 by Harry

This kind of thing is not at all uncommon, although there are many variations, shades and twists. One of my clients was put out of business in a very healthy state by a single backer who wound most of the other backers up to the point that the business got wound up. It's also a basis of international exchange rates and stock values. Scary really.

Posted on: 16 November 2015 by JSH
Absolutely
 
Originally Posted by Harry:
Originally Posted by JSH:
Helpful distinctions David, thanks.  But as I was saying at the top of the page....................!!  Good luck to those sending their money in.  I hope you are successful, if you value Qobuz so highly but I fear they will be drops in the ocean as far as Administrators are concerned.  Time will tell

If personal experience of clients going into administration are anything to go by, the receivers will be grateful for cash injections because it will make it easier to pay their fees when they wind everything up, as usually happens once tax, utilities, phone bills and huge administrators' fees have been paid. Funny how they find enough money to pay themselves - sometimes an amount approaching the level the company originally needed to keep going.

 

If you can't find a bank or big backer to invest in you then get a crowd. They obviously know something that conventional backers and investors don't, but unfortunately it is seldom information which is lucrative.

 

Posted on: 16 November 2015 by JSH

By co-incidence, this has been posted on the BBC website tonight.  Potential crowd-funders will wish to read

http://www.bbc.co.uk/news/technology-34832447

Posted on: 17 November 2015 by Ian_S

Will also be sad if Qobuz goes belly up, it works fine for me through Sonos connected to the Naim, and I think the iPhone app is great too with the ability to either stream or download for offline listening.

 

I've found it an excellent way of trying out new music, and invariably if I really like something I'll then actually buy, mainly because I believe if we stop buying stuff, then people will also stop making it. Most of my hi-res music purchases have been via Qobuz as their pricing is good, as are their CD quality downloads, often cheaper than Amazon for the actual CD. 

Posted on: 17 November 2015 by Simon-in-Suffolk
Originally Posted by Ian_S:

.. often cheaper than Amazon for the actual CD. 

I wish Qobuz well and am a real fan.. however the above is just not true in my experience - of all the CDs I have bought in the last year from Amazon (probably about 60) I can't think of one that was cheaper on Qobuz - and I do often check. Perhaps it depends what music you buy - I don't tend to go for top 40 stuff.

Simon

 

Posted on: 17 November 2015 by Ian_S

Not top 40...  

 

But it has been new non-classical. 

Posted on: 17 November 2015 by Kevo

I have to admit to buying a lot of 2nd hand CDs off eBay. Given many are getting rid of CDs in favour of MP3, their prices are insane (less than £2 including postage!). Occasionally new CDs or 180gm vinyl as well (eBay or Amazon).

 

I use streaming for discovery or when I am being lazy or want a longer playlist than one CD eg: when doing the housework the other half allocates me on a Saturday morning! Streaming also allows me to play in 3 rooms at the same time (via my Logitech Squeezebox network) - Saturday Morning House Party!

 

Posted on: 17 November 2015 by PhilP

New statement from Qobuz - translation from French Twitter (Edited so I hope it doesnt break forum rules ).  Looking more positive...

 

The deadline for submission of takeover bids has been postponed by the Official Receiver to Monday, November 23, 2015 at 15:00, due to the number of companies and people ... that have expressed interest in respect of a recovery Qobuz.

After a statutory period of 15 days from the deadline for submission of tenders, which therefore begin November 24, 2015, the final decision will be taken during an approximate time period between 10 December 2015 and the 10 January 2016.

The team Qobuz
Posted on: 17 November 2015 by Kevo

Thanks to PhilP. This is the latest entry on their Blog:

 

We wish to inform you of the present situation at Qobuz and the perspectives of the company moving forward, in light of the procedures within French law and their implications. Click here to see our previous blog post on the subject.

The deadline for the submission of takeover bids has been extended to November 23rd, 2015 due to a number of companies and individuals presenting themselves in recent days for access to the documents necessary to revise before making a tender offer.

At this stage a number of possibilities and potential situations will be discussed with the judicial administrator and subsequently examined by the Court. The resumption of the company will be granted to the offer considered by the Paris Court of Commerce as the best

ESTIMATED TIMING:

It is likely that, after a statutory period of 15 days for examination of offers (which would begin November 24th, 2015), the definitive decision of the Court will be communicated between December 10th and January 10th, approximately, in accordance with the Court proceedings.

In the meantime, the service will continue to operate normally.

A big thank you to our clients, whose solidarity has been expressed in recent days by record revenue figures. Their confidence allows us to persevere; it is also the single most concrete way to support us.

 

 

Similarly, we thank all partners for agreeing to maintain their confidence in Qobuz during this time, thus allowing our service to function normally, and ask others to follow suit until the Qobuz recovery solution is formalized.
 
Looking more hopeful! Seems the recent flurry of downloads is being seen in a positive light too.
Posted on: 17 November 2015 by Simon-in-Suffolk

It looks kind of more positive - fingers crossed

Simon

 

Posted on: 17 November 2015 by GregW

In related news, Rdio announced this morning that it will be filling for bankruptcy. Pandora has agreed to purchase some assets and technology. The sale of Radio's assets will be supervised by the United States Bankruptcy Court for the Northern District of California.

 

Source: Rdio shutting down, and Pandora will buy its technology

 

 

 

 

Posted on: 17 November 2015 by SongStream

News of the extension at least means my streaming solution (Windows PC to DAC-V1) will continue working for at least a little longer, hopefully a lot longer.  

 

While continuing my subscription to Qobuz, I did throw twenty quid at Tidal last week to re-evaluate their offering.  Wow, what a different world.  The app kept telling me I should listen to something called Justin Bieber, so I did, we became acquainted, shortly after I decided it was time to find some music.  And with some success.  I was pleased to see that the CD version of Tori Amos at the Montreux Jazz Festival from 91/92 was available.  For some reason I had formed the opinion that content from the Scottish company's label was freely available on Tidal (notably absent on Qobuz), but found that was not quite the case.  A search for Claire Martin revealed only a handful of tracks and no complete albums.  Damn!

 

There is one thing in particular I like about Tidal, which I suspect will be irrelevant to most Naim subscribers, but I do like the seamless presentation of video content from artists in addition to the albums and tracks.  In my solution where I operate via wireless keyboard and large TV, the video feature offers a new dimension to a music subscription.

 

Where Tidal fails for me is in attitude and musical literacy, but more importantly SQ.  Again, this is not relevant to those streaming via Naim products, but the app for the PC is not bit-perfect, despite their own claims that it is (which is quite worrying), and the sound seems a bit brash compared to Qobuz, and I can only assume that the lack of a bit-perfect app is to blame; I can't see why the source files should be different.

 

Qobuz is still the best option for me, and while Tidal has some nice features, and I bet the kids love it, their priorities are way off in my view for service offering a £20 per month subscription.  Try telling the kids they can have Tidal instead of Sky TV.....actually forget that; 15 years ago that point may have worked.