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.
AceRimmer
(Smoke me a kipper, I'll be back for breakfast!)
29
Let’s keep on topic here, which is MQA possible financial troubles.
And not is MQA good, bad, evil etc.
That’s a surefire recipe to getting the thread closed!
Thank you.
If MQA goes bankrupt where does that leave Tidal? As they have invested into MQA. From what I have been gathering Tidal isn’t doing that great financially themselves either.
It was and the original name for SCL6 was MQAir but they recently changed it. Looks like they’re going to strip themselves from MQA and focus on this new bluetooth compression.
I thought I had read that a few weeks ago.
It’s already a fairly crowded market with AptX owned by Qualcomm (If I remember that correctly) and Sony having contributed LDAC to the Linux kernel and SBD and AAC already being in almost everything.
It is hard to see a large market for it, but competition is good (if there really is any with Apple and Qualcomm owning so much of the market between them)
No they just seem to have limited Apple Music to aac over AirPlay for some reason if it’s streaming from them but apparently it’s lossless 44.1 for downloaded content on the device an odd choice but that’s how it is. All other apps will send lossless.
Sometimes they are a planned pre-pack Administration. Not in this case. The press release is the ultimate in spin. “Everything is great except we’re bust.” Last year they were given until end of March 2023 to get their act together, clearly nothing has changed, so no more money. Enormous losses (£40m), almost trivial revenues (£600k) and IP that has long been viewed as a DRM scam.
Plenty of companies saw MQA as a scam and did not implement it, like Devialet and Linn. I’ve been hifi streaming for ages and never bothered with MQA or ever had MQA capability. I only ever saw it as a DRM scam.
It seems like the writing is on the wall for MQA certainly if they don’t find a buyer/investors, but even if they do, how can their business model be sustainable? I don’t think it ever was.
As we expected, folks are patently incapable of discussing MQA based on the factual information provided rather than interjecting biased, highly opinionated rants. The thread is now locked, if you guys need to spew toxicity and opinion as fact, take your discussion elsewhere.