Will be interesting to see how this affects Tidal.
“MQA’s main financial backer is seeking an exit”
Will be interesting to see how this affects Tidal.
“MQA’s main financial backer is seeking an exit”
Good riddance.
I wouldn’t say that Tidal is doing stellar based on their financial performance.
https://www.whathifi.com/news/mqa-is-going-into-administration
What’s going on - MQA seems to be in trouble
Open source is the only way
This could be relevant. New tech, itchy feet investor, MQA ditched in favour of SCL6. Maybe. Speculation only from my point.
Edit: clarity - MQA created SCL6 codec. Maybe investor thought current MQA to be dropped in favour of SCL6. My view only.
My experience is that investors pull out due to not getting a good return on something. My view only.
But I thought SCL6 was created by MQA if it is what I was thinking about
Yeah, didn’t write it well, did I
Now edited
Anything that is based on a cost per play model is going to struggle as the market races to the bottom
As long as it’s advertised as a lossy compression scheme for wireless - as opposed to a “lossless” (or “better than lossless”, as they later pivoted) one that revolutionizes mastering - it’s fine with me.
In their most recent financial posting MQA Ltd stated that they would need to secure further funding by the end of Q1 2023 in order to continue as a going concern.
Now it is officially confirmed that MQA is lossy.
All wireless codec’s are lossy, it’s just the amount of lossyness that is acceptable, and I think there is room for improvement so let’s see what comes of it.
I had no issues with the actual quality of the sound from MQA streaming. it was the marketing BS that got me to stop using it.
It’s my understanding that AirPlay is lossless.
Totally agree. Can’t say it any better.
Sorry I was talking about Bluetooth, which is what their new codec is aimed at.
Only Airplay 1 is lossless to 16/44 (which is about perfect), Airplay 2 is lossy
MQA’s main financial backer is seeking an exit. In order to be in the best position to pursue market opportunities and expedite this process, the company has undergone a restructuring initiative, which includes entering into administration and is comparable to Chapter 11 in the US.
Administration is not bankrupt, there are many other outcomes possible
Both are problematic quite frankly.