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.

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My opinion is that MQA never really had a chance because it is a proprietary  technology.   MQA adds costs and complexity throughout the music/supply chain to play high resolution music when the competition is using a standardized format that is free.

The music streaming market is brutal and the higher resolution part of the market is worse.  Time will tell if Tidal is able to survive.  I hope that the market changes help Qobuz to survive.  I love Roon and Qobuz works great with Roon.

 

Does this mean when streaming Tidal you are no longer listening to hi-res?  If not, what resolution are we listening to.

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