Will be interesting to see how this affects Tidal.
“MQA’s main financial backer is seeking an exit”
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Good riddance.
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I wouldn’t say that Tidal is doing stellar based on their financial performance.
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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 
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But I thought SCL6 was created by MQA if it is what I was thinking about
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.
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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.
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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.
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It’s my understanding that AirPlay is lossless.
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
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Both are problematic quite frankly.
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Chapter 11 - Bankruptcy Basics
This chapter of the Bankruptcy Code generally provides for reorganization, usually involving a corporation or partnership. A chapter 11 debtor usually proposes a plan of reorganization to keep its business alive and pay creditors over time. People in business or individuals can also seek relief in chapter 11.
Similar in concept, needing a lifeline or bailout.
No I had some great experiences with Tidal master’s early on and was genuinely happy with the output quality through MQA capable devices.
I was seriously put off by the marketing side of thing’s and the overly strong messaging that they used (and denial responses to negative articles). That lost me as a customer at that point
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Yeah but it’s an attempt to keep the company afloat, sold, agreeing on a plan with debtors, etc., instead of liquidating/dissolving it.
I.e. the demise of the format is not necessarily around the corner
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Yes, it’s referred to as reorganization in the states. It’s going to be interesting to see if some group will jump in to help.
Tidal as a part of Block (SQ) isn’t exactly doing stellar business either. Warner Music?
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