2. misc-audio
  3. 183828-114769

MQA Declares Bankruptcy

https://www.musicbusinessworldwide.com/high-res-music-tech-company-mqa-enters-administration-in-the-uk/#:~:text=High%2Dresolution%20music%20technology%20company,the%20US%20and%20other%20countries.

 

The financials are eye-opening. Annual revenue never exceeded £700,000 while administrative expenses exceeded £4,000,000 for 2020 and 2021!

Does anyone think Bob Stuart took this much money out of the company?

Wow. So MQA has become another Dolby FM technology. But then, many in the industry thought MQA was a scam.

128x128vinyl_rules
headphonedreams
527 posts
 

@kenjit All music is a scam! You get the first listen for free, get hooked and then you have to pay, some way. /j

p05129
500 posts
 

kenjit - either get a quality audio system or a set of ears, maybe both and listen to real music

mahler123
3,318 posts
 

700K euros in revenue?  That’s it?

dinov's avatar
dinov
834 posts
 

I don’t think all of this is over for mqa in terms of the format. 

dinov's avatar
dinov
834 posts
 

Interesting, just saw an email from Sound and Vision that TIDAL is now offering hi-rez FLAC subscription plan subscriptions.

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