Hi-Res music service Qobuz broadens into Latin America and Portugal

France-born Hi-Res music platform Qobuz [19 articles]” > Qobuz has actually broadened its service into 6 brand-new nations: Brazil, Mexico, Argentina, Colombia, Chile and Portugal

Today’s news brings the overall variety of nations Qobuz is readily available in to 25.

Qobuz states that this growth is an “chance for 470 million music fans and audiophiles around the globe to have access to an alternative streaming service.”

Qobuz states that it has actually raised $23 million to date, consisting of a EUR10 million round protected in September 2020, and EUR12 million raised in August 2019.

According to IFPI’s Global Music Report 2022– State of the Industry, the Latin America saw development of 31.2%, making it among the greatest development rates internationally.

Streaming represented 85.9% of this market, states IFPI [402 articles]” > IFPI.

In 2021, Qobuz introduced in Australia, New Zealand and the Nordic nations.

The business likewise obtained the Japanese high-resolution download service e-onkyo music in October 2021.

In the exact same year, Qobuz partnered with French digital music supplier TuneCore to make music from its lineup of artists readily available on the hi-res streaming and download service.

” Since 2020, we have actually taken an enthusiastic technique to advancement.”

Georges Fornay, Qobuz

Georges Fornay, Deputy CEO of Qobuz, stated: “We enjoy to reveal the opening of our service in Latin America and Portugal.

” There are numerous who have actually excitedly expected our arrival, waiting for access to a streaming platform that is 100% music-focused and off the beaten course.

” Since 2020, we have actually taken an enthusiastic technique to advancement.

” This next action will enhance our desire to advance as a high quality music platform based upon a special and diverse music experience and a regard for artists.” Music Business Worldwide

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